PeckShield: Crypto Projects Lost $88 Million in October Due to 20 Attacks

In October, hacker attacks on crypto projects caused an industry loss of approximately $88.47 million, according to data from 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

Among the most significant incidents of the month:

• The hack of the lending protocol Radiant Capital, amounting to $53 million;
• An attack on the US government wallet, resulting in a $20 million loss (the funds were returned);
• Damage to the EigenLayer restaking protocol totaled $5.7 million;
• Tapioca Foundation lost $4.7 million;
• Sunray Finance incurred a loss of $2.86 million.

These losses are significantly lower than the previous month, when the total losses reached $120.23 million.

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