Crypto’s Q3 Security Bill Hit $1.26 Billion

CertiK puts crypto security losses at $1.26 billion in Q3, turning the quarter’s upbeat market headlines into a rather expensive footnote. The incidents totaled 247, up from 219 in Q2, while reported losses rose 53.9%. The biggest single blow was Bitget: its $387.5 million breach accounted for a large share of the damage, making exchange security a central risk story—not background noise.

On-Chain Data

• September alone brought about $769 million in...