$3.63 Billion Hacking Losses, 60% of Platforms Completed Security Audits
Cryptocurrency platforms lost $3.63 billion to cyberattacks between January 2025 and July 2026. Approximately 60% of the affected platforms had completed independent security audits. According to a report by CoinGecko, there were 245 attacks during this period, with the top 10 accounting for 72.5% of the total losses. After audits, 147 protocols were attacked, resulting in losses that amounted to 88.44% of the total. Only about 11% of the incidents were directly caused by flaws in the audited smart contracts, with losses reaching $396 million. Centralized exchanges showed that private key theft was a major vulnerability, while decentralized applications suffered significant losses due to smart contract flaws. The platform that suffered the most was Bybit, which experienced a $1.4 billion theft incident in February 2025, contributing to the overall loss. During the ongoing security incidents, the coverage of cryptocurrency insurance decreased by 20.2%. As of August 2026, 5 out of 9 on-chain insurance protocols had either ceased operations or shifted to other sectors. This tally shows that independent security audits are not a foolproof means of preventing all attacks.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Structural Changes in the Global Bond Market as Long-Term Treasury Yields Reach Decades-Highs

Coinbase CEO Predicts Growth in AI Agents, Stablecoins as Preferred Payment Method

Goldman Sachs: AI Capital Expenditure to Reach $1.73 Trillion in 2026-2027

Treasuries at 21-Year High: Impact on Stocks and Interest Rates

167,000 BTC Options and 789,000 ETH Options Expiring on September 25

Tether says EQIBank exposure below 0.034% after U.S. seizure

The EU will strengthen its oversight of AI and tokenization starting in 2027

Sam Price Emphasizes the Impact of the Dollar on the Bitcoin Market

Today in the Crypto Market: Wall Street is Turning to Tokenization, US Aims to Globalize Stablecoins

Perpetuals on Gold, Oil, and Stocks: $117 Billion Traded in One Month

Meta's 'Muse' Sparks High Expectations... "An iPod Moment for AI" (Comprehensive)

Animoca Brands Suspends Reverse Merger Talks with Currenc, Continues IPO Plans

Hedera IDTrust joins IBM Cloud Catalog for AI agents

Privy Expands Support for TRON with Enhanced Wallet and Payment Infrastructure for Developers

Treasury at Highest in 18 Years: Federal Reserve Set for New Rate Hikes

HTX DeepThink: Opportunities Concentrate on Profitable and Fund-Supported Assets, BTC Still Has Room for Recovery After Consolidation

Russia's Oil Product Production Fell by 17.8% in August

48% of Gen Z Finds Emerging Investments Like Cryptocurrency Attractive, US Bank Survey

UK banks complete interbank settlements using tokenized deposits

AI models predict Q4 upside for XRP, downside risks for PI



