That’s according to recent findings by CoinGecko, cited in a report Tuesday (Sept. 8) by CNBC, which notes most of these incidents — the results of cyberattacks and stolen passkeys — happened despite the companies conducting security audits.

Roughly 88% of the stolen funds and about 60% of the affected platforms had “completed independent security audits,” the report said, though most of the attacks concentrated areas that checks do not usually cover.

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