Crypto hacks explode 8x in just one month—$116M stolen in September alone 💻
> According to Binance’s crypto report, several firms lost over $116 million to crypto hacks in September alone. This figure is more than eight times the value lost in August. Centralized exchanges were the primary targets, with over 20 hacks
> BingX, Indodax, and Penpie top the list of most affected crypto exchanges in September’s hacks
> Out of all affected crypto exchanges, centralized platform BingX suffered the largest hit, losing over $44 million. On September 19, various security firms began reporting on the millions being siphoned out of the Singapore-based exchange, leading the company to announce a temporary pause in operations for ‘wallet maintenance.’
> Later, the exchange reassured users that refunds would be provided, describing the asset loss as ‘minor.’ In addition to BingX’s losses, decentralized exchange PenPie lost $27 million in a hacker exploit of its reward system, while Indodax had over… 0 reply
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