Hacken: Crypto Losses Hit $1.18B in Q3, Up 55% QoQ

The concentration of losses in vendor and tooling compromises, plus unpatched known bugs and out-of-scope components, points to a structural weakness in the audit model rather than a spike in novel exploits. That shifts the risk burden toward projects that inherit third-party dependencies and assume prior audits cover them. The flagged key-management gaps at derivatives and prediction platforms read as latent exposure rather than active incidents, which is the more telling signal. Whether that finding prompts operational changes at those venues, and whether the vendor-layer share of losses persists, is the open question.