In September 2024, hackers stole over $120 million in a series of high-profile crypto hacks on cryptocurrency platforms.
The latest figures from PeckShield revealed that more than 20 incidents occurred during the month, targeting both centralized and decentralized platforms. The largest breaches involved platforms such as BingX, Penpie, and Indodax, which collectively accounted for over $90 million in losses.
This hack follows previous vulnerabilities in the platform. BingX’s losses in September represent a significant portion of the total $409 million stolen by crypto hackers in Q3 2024. Penpie, a decentralized finance protocol, also suffered a $27 million breach.
The biggest blow in September was dealt to BingX, a Singapore-based exchange that lost approximately $44 million in a single incident, making it the hardest-hit platform of the month.
Major Crypto Hacks: BingX, Penpie, and Indodax
This attack follows a broader trend of Asian exchanges being targeted, as hackers continue to exploit security gaps in the region’s rapidly growing crypto markets.
Indodax, one of Indonesia’s largest cryptocurrency exchanges, also reported a $21 million loss, making it the third-largest hack of the month.
Despite the growing popularity of DeFi, with over $87 billion in total value locked across various protocols, these platforms have become prime targets for cybercriminals due to their complex smart contract interactions.