Crypto Hacks Cost $1.18 Billion in Q3, Hacken Says

Q3 losses surged 55%: Crypto hacks totaled $1.18B in Q3 2026, driven by a few massive, high-impact security breaches. Audit limitations exposed: Nearly 80% of stolen funds stemmed from third-party tools, vendor flaws, and un-audited components. Operators covered losses: Web3 platforms and validators reimbursed over $410M and recovered $387M to protect user balances. Hackers inflicted about $1.18 billion in losses on digital asset projects and platforms in the third quarter of 2026, a 55% quarter-over-quarter increase, according to a quarterly report by blockchain security firm Hacken.