Crypto losses from 55 major hacks reached $766.49 million in September, about 462% above August’s $136.3 million, according to PeckShield. The Bitget incident accounted for about $387 million, while the Liquid Network theft involved roughly $320 million, including $285 million that was returned. PeckShield said they became the year’s two largest crypto thefts to date, surpassing the Drift and KelpDAO/LayerZero exploits. Excluding those breaches, the other 53 hacks totaled about $59 million, less than half of August’s losses. Bitget said unauthorized transfers from hot wallets (internet-connected crypto wallets) were detected on September 24 after an attacker entered backend wallet infrastructure and manipulated transaction data; the exchange ruled out a private-key compromise and plans to cover the loss from its User Protection Fund, which holds more than $464 million. Liquid Network said roughly 4,000 BTC was withdrawn from its Federation wallet on September 6 using a SideSwap peg-out authorization key, although the key itself was not compromised. SlowMist said North Korea-linked hackers were laundering the Bitget funds through CoW Protocol, Chainflip and CoinJoin (a transaction-mixing method), while Chainflip attempted to block the flows. Smaller incidents included a returned $7.81 million MEV bot (automated trading bot) front-run and a $6.6 million Payment Processor V2 exploit, of which $3.4 million was returned.