Bitget, Liquid exploits push Q3 crypto hacks toward $1.2B

The striking detail is not the headline figure but where the losses came from: roughly three-quarters traced to suppliers, developer tools and infrastructure that sit outside the audit perimeter, meaning the attack surface has shifted away from the protocols themselves toward the shared plumbing every exchange and platform depends on. That makes this a systemic-risk story rather than a run of isolated incidents, since a single compromised dependency can propagate across many firms at once. The open question is whether the industry's security spending and audit practices follow that shift, or keep concentrating on code that is already being reviewed.