{
  "id": 6283926,
  "title": "Crypto Platforms Lose $3.6 Billion to Hacks Despite Security Audits",
  "url": "https://urgent.news/2026/09/08/crypto-platforms-lose-3-6-billion-to-hacks-despite-security-audits",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T14:13:40.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/crypto-platforms-lose-3-6-billion-to-hacks-despite-security-audits/"
  },
  "original_language": "en",
  "account": "Cryptocurrency platforms suffered $3.6 billion in losses due to hacks and theft over the past 18 months, according to CoinGecko's latest findings. Despite security audits conducted by 88% of the affected platforms, most of the attacks exploited areas not typically covered by these checks. Bybit, KelpDao, and Drift Protocol were among the most impacted, losing $1.4 billion, $292 million, and $285 million respectively. The report also highlighted a recent hack on the Liquid Network blockchain, valued at $320 million. The period covered in the report extended from January 2025 to July of this year, but did not include a breach of Coldcard customer wallets that led to a $115 million theft in bitcoin. CoinGecko's report underscores that security breaches continue to pose a significant threat, even to platforms that have undergone audits. The majority of these breaches involved external infrastructure, unaudited code updates, or systemic features manipulated through governance attacks. Only around 11% of these incidents were due to vulnerabilities in smart contracts, which still resulted in $396 million in losses.",
  "summary": "Hacks and theft cost cryptocurrency platforms over $3.6 billion in the last 18 months. That’s according to recent findings by CoinGecko, cited in a report Tuesday (Sept. 8) by CNBC, which notes most of these incidents — the results of cyberattacks and stolen passkeys — happened despite the companies conducting security audits. Roughly 88% of the stolen funds and about […] The post Crypto…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}