Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingThe cryptocurrency security incident in September caused approximately US$766 million in losses, with the Bitget and Liquid platform incidents ranking first.
According to reports, attacks and exploits in the cryptocurrency field in September 2024 resulted in the loss of up to US$766 million in funds. Among them, security incidents on the Bitget and Liquid exchanges became the main source of losses for the month, making it one of the most serious security losses for the industry in a single month on record.
Summary of Key Points
- Total losses caused by cryptocurrency hacking attacks in September were approximately US$766 million.
- Losses on Bitget and Liquid platforms were identified as major contributors to the month's data.
- The huge losses highlight the ongoing security risk exposure of centralized exchanges.
Bitget and Liquid are listed as the main sources of losses
Among the incidents that constitute the total losses in September, according to security tracking data, Bitget and Liquid ranked first in the month in terms of losses. As of the release of the report, the specific attack vectors, asset details and recovery status of each incident have not been independently verified.
Including centralized trading platforms as a loss focus is in line with a broader exchange-level security risk model. As losses caused by hacking continue to rise, the cryptocurrency insurance market has shrunk by 20% to $130 million, limiting the remedies available to affected users.
Industry signals reflected in monthly losses of US$766 million
The nine-figure total monthly losses mean the industry faces substantial financial exposure. Individual incidents may stem from different root causes, including smart contract vulnerabilities, private key leaks, or social engineering attacks. Existing reports do not indicate a single common attack vector behind the September losses.
The U.S. Treasury Department has extended bank-level threat intelligence to cryptocurrencies, demonstrating the federal government's growing attention to exchange-level security vulnerabilities. In addition, the Securities and Exchange Commission (SEC) is advancing rulemaking on cryptocurrency custody standards, which could affect how institutional platforms manage asset security in the future.
In addition, the SEC estimates that the annual cost per consultant for cryptocurrency custody standby procedures is US$433,833, a figure that reflects regulators 'increasing responsibility for the security of digital assets at the institutional level.
Subsequent events worth noting include: official incident disclosures from Bitget and Liquid, on-chain fund recovery activities, and updated monthly loss statistics from security tracking agencies.
