Crypto hacks in the third quarter reached nearly $1.2 billion, driven predominantly by vulnerabilities in suppliers, developer tools, and infrastructure components that were not covered by security audits. According to CoinTelegraph, these compromised areas accounted for about 77% of the total losses during this period.
Notable entities affected include Bitget, Liquid, and Hacken, highlighting the ongoing risks faced by exchanges and security firms alike. The scale of these breaches underscores the critical need for comprehensive security measures beyond routine audits.
For Japanese investors and market participants, this serves as a stark reminder to prioritize due diligence and enhanced security protocols, especially as the local crypto market continues to expand and integrate with global platforms.