Crypto Industry Lost $1.18B to Attacks in Q3, Hacken Says

The concentration of losses in compromised vendors, unpatched known vulnerabilities and out-of-scope components shifts the risk story away from exotic exploits toward basic supply-chain and audit hygiene — failures that are largely preventable but diffuse across the industry. That matters most for exchanges, infrastructure providers and the auditors whose scope defines what gets checked. Whether the quarter-over-quarter rise reflects a genuinely worsening threat environment or a handful of large, preventable lapses is the open question, and the Bitget incident's scale suggests single points of failure still dominate the loss tally.