Crypto Hacks Surge 55% to Reach $1.2 Billion
Third-quarter data shows a rise in smart contract flaws as private key thefts drop by 30%
Security Editor: Fabricio Marcilio 1 min read
The total volume of funds stolen in crypto sector attacks reached $1.18 billion in the third quarter. This amount represents a 55% increase compared to the data recorded between April and June of this year.
The profile of these incidents has changed significantly in the recent period. Losses linked to smart contract flaws climbed to 48% of the total. In the previous quarter, this type of vulnerability accounted for only 11% of total losses.
Conversely, losses resulting from access control failures and operational issues, such as private key theft, fell by 30%. The number of individual incidents jumped from 67 to 107 between the two quarters analyzed.
Despite the increase in total financial volume, the average loss per incident remained stable. The average value was close to $11 million per occurrence over the last three months.
Specific cases, such as those involving the Bitget and Liquid platforms, illustrate the current complexity. These failures occurred without the need for direct compromise of user private keys, challenging traditional security priorities.
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