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October Crypto Losses Hit $129M Amid Rising Security Threats

  • In October 2024, crypto industry losses amounted to $129.6 million due to security incidents, including hacks and scams.
  • Radiant Capital suffered the biggest loss, losing over $50 million in a hack on October 16.
  • Exit scams accounted for $1.2 million, flash loan attacks caused $1.5 million in losses, and exploits contributed to $127 million in crypto losses.
  • These incidents highlight the ongoing security challenges in the crypto sector, emphasizing the importance of robust protection measures.

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