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Crypto platforms lost $3.63 billion due to cyberattacks, even though most underwent security audits. Why didn’t the audits save them?

Crypto platforms lost $3.63 billion due to cyberattacks, even though most underwent security audits. Why didn’t the audits save them?

Crypto platforms lost more than $3.63 billion to hackers in 19 months. Most of the stolen money came from projects that had previously undergone independent security audits. Just nine infrastructure and supply chain breaches gave attackers more than $1.8 billion — almost half of the total stolen.

These are the conclusions of a CoinGecko report covering 245 attacks from January 2025 to July 2026.

Hackers most often attacked smart contracts — blockchain programs that automatically execute set rules, such as transferring funds after certain conditions are met. CoinGecko counted 135 such attacks. In total, they caused about $777 million in losses.

In contrast, there were only nine attacks on the supply chain and infrastructure, but…

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