September crypto hacks total $766.49 million, led by $387 million Bitget breach and $320 million Liquid Network theft
AI Market Summary
September crypto losses surged to $766.5M across 55 major hacks, dominated by Bitget ($387M) and Liquid Network (~$320M, mostly returned). The scale highlights persistent exchange and bridge infrastructure risk, with reported laundering routes converting proceeds to BTC and using CoinJoin. Even with reimbursement plans, the incidents can tighten counterparty and operational risk premia, potentially weighing near-term crypto market confidence and liquidity conditions.
Impact level
● High
Affected assets
BTC/USDT+2.00%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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The crypto sector recorded 55 major hacks in September with total losses of $766.49 million, up about 462% from August’s $136.3 million, according to PeckShield. Bitget accounted for about $387 million and said it will fully reimburse users from its User Protection Fund, while Liquid Network lost about $320 million, with $285 million returned after attackers withdrew roughly 4,000 BTC from the Liquid Federation wallet. Excluding those two incidents, the remaining 53 hacks totaled about $59 million, below August’s overall losses. PeckShield said the two cases now rank as the largest and second-largest crypto thefts of the year to date.
