Although the crypto market failed to make a bullish breakthrough in September, it could not stop malicious entities from stealing funds. According to the latest statistics from CertiK, there were losses of approximately $332 million in various digital assets in September. 📉😱

Stolen funds from exit scams were recorded at approximately $1.9 million, while instant loans accounted for almost $0.4 million. Crypto-related abuses reached a huge figure of $329.8 million.

The majority of September's losses are attributed to the September 23 attack on Mixin Network, a decentralized cross-chain transfer protocol based in Hong Kong. This attack resulted in a loss of $200 million due to a security vulnerability in the cloud service provider.

The Q3 period was recorded as the worst period for the crypto industry. Crypto projects lost approximately $889 million in Q3 from hacks, fishing scams and rug pulls, according to Beosin's Global Web3 Security Report.

DeFi remains the most targeted sector, with 29 attacks accounting for 67.4% of total incidents. Ethereum is among the projects that suffered the biggest losses, with a loss of $227 million, and was exposed to the highest attack frequency, with a total of 16 attacks.