Cryptocurrency

Million

Security

Mixin

It’s unfortunate to hear about the significant losses in the cryptocurrency space during September and the third quarter of 2023. Here’s a breakdown of the key information from your provided text: 
<ol> 
 <li>September 2023: It was a particularly bad month for crypto-related exploits, with approximately $332 million lost due to various incidents, including the Mixin Network attack, CoinEx exchange attack, Stake.com attack, exit scams, flash loan attacks, and phishing attacks. The Mixin Network attack alone accounted for $200 million in losses.</li> 
 <li>Lazarus Group Involvement: The Lazarus Group, a North Korean hacking collective, was implicated in the attacks on both CoinEx and Stake.com, and they were reported to hold approximately $45.6 million in stolen crypto assets.</li> 
 <li>Yearly Total: The total losses in 2023 to exploits, scams, and hacks amounted to $1.34 billion, with September being the worst month.</li> 
 <li>Q3 2023: According to Beosin, the losses from hacks, phishing scams, and exit scams in the third quarter of 2023 were nearly $890 million, surpassing the combined losses of the first two quarters, which were $330 million in Q1 and $333 million in Q2.</li> 
</ol> 
It’s crucial for anyone involved in the cryptocurrency space to exercise caution, use secure practices, and stay informed about security threats and best practices to protect their assets. 
Cryptocurrency markets can be vulnerable to various forms of exploitation, and security remains a top concern. 
Other Stories: 
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<a href="https://www.cryptointelligence.co.uk/sec-delays-decision-on-spot-bitcoin-etf-proposals-amid-looming-government-shutdown/">SEC Delays Decision on Spot Bitcoin ETF Proposals Amid Looming Government Shutdown</a> 
<a href="https://www.cryptointelligence.co.uk/google-cloud-joins-polygon-network-as-validator-boosting-blockchain-security/">Google Cloud Joins Polygon Network as Validator, Boosting Blockchain Security</a>

$332 Million Lost in September 2023, Q3 Losses Near $890 Million

Crypto Intelligence

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