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Home»Analysis»October Crypto Hacks Total Up to $88.4 Million in Losses Across 20 Incidents
Analysis

October Crypto Hacks Total Up to $88.4 Million in Losses Across 20 Incidents

November 1, 2024No Comments2 Mins Read
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PeckShield reports that in October, nearly 20 crypto hacks resulted in losses of approximately $88.4 million, with the main incident affecting Radiant Capital.

October proved to be a tough month for the crypto sector, with around two dozen hacker attacks resulting in losses of $88.4 million, while total on-chain losses reached $181 million .

Data compiled by blockchain analytics firm PeckShield shows that the largest incident involved Radiant Capital, which lost $53 million after multi-signature wallets linked to the Ethereum network were breached.

Other violations included the US government’s seizure of $20 million. However, the stolen funds were eventually recovered, while EigenLayer saw $5.7 million in crypto laundered through crypto exchanges such as HitBTC and Bybit.

⛑️OKX Explorer Monthly Security Report
In October, on-chain losses totaled $181 million, up 38.9% from last month. Phishing scams caused losses of $43.53 million.
👉On October 11, a Blast user lost $35 million in fwDETH due to a phishing “permit” signature.
👉On October 16, Radiant… pic.twitter.com/40ECZ0hwDa

– OKLink (@OKLink) November 1, 2024

Meanwhile, OKLink data indicates that phishing scams alone accounted for $43.5 million in losses, including approximately $35 million in fwDETH lost due to a signature phishing attack. misleading “license”. Additionally, private key leak incidents resulted in a $7.2 million loss of funds, while rug pulls accounted for $45.7 million in losses.

The latest data shows a 26% decrease in losses compared to September, when hackers stole $120 million in more than 20 incidents. While this figure remains significant, the overall impact of crypto hacks has been reduced compared to August, when the industry suffered over $300 million in losses from just 10 separate incidents.





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