Bitget's $388M hack drives Q3 crypto security losses past $1.26 billion
Source Summary
Bitget suffered a $388 million hack as part of a broader wave of cryptocurrency security breaches in Q3. Crypto security losses totaled $1.26 billion across 247 incidents in the quarter, with September accounting for approximately $769 million of that total.
Why it matters
The scale of Q3 crypto security losses demonstrates the persistent vulnerability of digital asset platforms and the material financial risk to investors and exchanges.
