In October 2024, the crypto sector experienced nearly 20 hacking incidents resulting in approximately $88.4 million in losses. The largest incident involved Radiant Capital, which lost $53 million due to a breach of multi-signature wallets connected to the Ethereum network. Another significant breach involved a U.S. government seizure of $20 million, but the stolen funds were eventually recovered. EigenLayer saw $5.7 million worth of cryptocurrencies laundered through exchanges like HitBTC and Bybit. Phishing scams accounted for $43.5 million in losses, while private key leakage and rug pulls contributed to the overall loss of funds. Despite the notable losses, October saw a decrease in hacking incidents and losses compared to previous months.



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