Data: Crypto Industry Lost $1.18 Billion to Attacks in Q3, with About 77% Related to Issues Such as Insufficient Audit Coverage

Odaily reports that a report from blockchain security firm Hacken shows that in Q3 2026, there were 107 security incidents in the crypto industry, with losses amounting to $1.18 billion, up 55% quarter-over-quarter. Of this, approximately $906.8 million in losses involved compromised vendors or development tools, known vulnerabilities that were not patched in a timely manner, and related components not being included in the latest audit scope.

Hacken co-founder Andrii Matiukhin pointed out that project teams often only audit critical smart contracts, while wallets, signing systems, and third-party software may not be covered, leading investors to mistakenly believe that the project is secure as a whole. The report states that the largest loss event in Q3 was the attack on Bitget, with losses of at least $352 million, in which attackers exploited a vulnerability in a third-party security product to gain access to withdrawal infrastructure.

Hacken also found that the asset security of some derivatives trading platforms and prediction markets relies on inadequate key management arrangements, but no vulnerabilities currently being exploited have been found in the relevant platforms. The company emphasized that security audits cannot replace continuous vulnerability management, and project teams still need to promptly fix known vulnerabilities and ensure that audits cover the system components that actually affect the safety of funds. (CoinDesk)