October Sees $88 Million Lost in Crypto Hacks, Reports PeckShield

In October, hackers executed 20 attacks, resulting in losses of approximately $88.47 million for the crypto industry, according to PeckShield.

#PeckShieldAlert In October 2024, there were ~20 hacks in the crypto space, resulting in losses of ~$88.47 million.#Top 5 Hacks in October 2024:
—#RadiantCapital: $53M (bridged to #Ethereum)
-U.S. Government seizure funds: $20M (returned)
—#Eigenlayer: $5.7M (laundered to… pic.twitter.com/ORa8EpJ8e3

— PeckShieldAlert (@PeckShieldAlert) November 1, 2024

The largest breaches of the month were:

• the lending protocol Radiant Capital at $53 million;
• the U.S. government wallet at $20 million (returned);
• the restaking protocol EigenLayer at $5.7 million;
• Tapioca Foundation at $4.7 million;
• Sunray Finance at $2.86 million.

The previous month saw significantly higher losses, amounting to $120.23 million.

Earlier, Immunefi experts estimated the damage to cryptocurrency companies from hacks in October at $55.1 million.