September was a record-breaking month for malicious entities stealing funds in the crypto market. According to CertIK, approximately $332 million in digital assets were lost to exploits, hacks, and scams. Exit scams accounted for $1.9 million, flash loans for $0.4 million, and crypto-related exploits for $329.8 million. The largest portion of this month’s losses was attributed to the September 23rd attack on the Mixin Network, resulting in a $200 million loss. CoinEX suffered the second-largest major attack with $53.1 million in losses. North Korea’s Lazarus Group was speculated to have orchestrated the attack. Other major incidents for the month were Stake.com and crypto exchange HTX, with $41 million and $7 million in losses, respectively.The third quarter was the worst-hit period for the crypto industry in terms of losses, with $889 million lost to hacks, phishing scams, and rug pulls. Phishing scams contributed to losses of about $66.15 million, while 81 rug pulls resulted in a combined loss of approximately $282.96 million. DeFi was the most targeted sector, with 29 attacks comprising 67.4% of the total incidents. Public chains experienced the greatest losses, with Ethereum bearing the brunt, accumulating losses of $227 million. Ethereum also endured the highest frequency of attacks, totaling 16 incidents. There were 9 instances of private key compromises during this quarter, resulting in the most substantial losses among attack types, reaching $223 million.

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Information	Details
Geography	Asia
Countries	🇭🇰
Sentiment	negative
Relevance Score	8
People	CoinEX, Stake.com, Mixin Network, HTX, Lazarus Group
Companies	CoinEX, Stake.com, Beosin, Mixin Network, HTX
Currencies	CoinEx, Huobi, Ethereum, Mixin, Bitcoin
Securities	None