According to @zachxbt, the consolidation address 0x15ec has been linked on-chain to laundering funds from both the Bybit and Poloniex hacks. This analysis reveals that the same entity is responsible for four different hacks, including Phemex and BingX. This linkage is crucial for traders as it identifies potential risks and security vulnerabilities in exchanges associated with the address.

According to MistTrack_io, there is a link between the Indodax and BingX hackers, as they both used the same cryptocurrency address (0x0c74c11443e60e011f884f547729127380ca1992) for money laundering activities. The Indodax hacker operated on the Polygon network, while the BingX hacker's network was not specified. This connection may indicate coordinated or related hacking activities that could impact traders on these platforms.

According to PeckShieldAlert, September 2024 witnessed over 20 hacks in the cryptocurrency space, resulting in approximately $120.23 million in losses. Notably, this figure excludes the $32.4 million worth of spWETH drained in a Permit signature phishing attack. The top 10 hacks include BingX with $44 million in losses and Penpie with $27 million.