Bitget and Liquid exploits drive Q3 crypto hacks toward $1.2 billion
Source Summary
Cryptocurrency exchange hacks in the third quarter are approaching $1.2 billion in total losses, with major incidents at Bitget and Liquid contributing significantly. According to Hacken, compromised suppliers, developer tools, and infrastructure components outside security audits accounted for approximately 77% of the quarter's total losses.
Why it matters
The concentration of losses in unaudited infrastructure and third-party tools reveals a systemic vulnerability in cryptocurrency exchange security practices that extends beyond direct platform defenses.
