Bitget hack pushes Q3 crypto security losses past $1B

The concentration of losses in a single exchange incident is the real signal here: it shows that even as smaller exploits proliferate, the headline number is now dominated by a handful of high-value targets. That matters for how the industry measures progress on security, since incident counts and dollar totals tell different stories. Whether the quarterly pace of large-scale exchange breaches becomes the norm, or September proves an outlier, is the open question worth tracking.