Crypto hacks jump 55% to $1.18B in Q3 as key theft falls 30%: Hacken
- —Incidents rose to 107 from 67, while average loss per incident slipped to about $11 million
- —Smart-contract losses climbed to 48% of the total, roughly $566 million
- —Key and operational failures accounted for about $472 million, down around 30%
- —Bitget lost roughly $388 million through forged withdrawal commands without private-key compromise
Why it matters: The shift from key theft toward contract bugs and authorization failures changes security priorities for exchanges and protocols.
Source: CryptoSlate