Crypto Platforms Lost $3.63 Billion to Hacks Despite 88% of Stolen Funds Coming From Audited Firms
Updated
Updated · CNBC · Sep 8
Crypto Platforms Lost $3.63 Billion to Hacks Despite 88% of Stolen Funds Coming From Audited Firms
1 articles · Updated · CNBC · Sep 8
Summary
$3.63 billion was stolen from cryptocurrency platforms between January 2025 and July 2026, according to a CoinGecko report dated Aug. 27.
88% of the lost funds and about 60% of the affected platforms came from firms that had completed independent security audits, suggesting audits missed key attack surfaces.
CoinGecko said many breaches hit areas audits do not typically cover, including incidents involving stolen passkeys as well as broader cyberattacks.
Bybit accounted for the biggest loss at $1.4 billion in a February 2025 heist that Elliptic attributed to North Korea; KelpDao lost $292 million and Drift Protocol $285 million.