Q3 crypto security incident losses rose 55% quarter-over-quarter; Hacken warns that audits cannot cover all risks.

PANews October 18 news, according to CoinDesk, a report by blockchain security firm Hacken shows that in the third quarter of 2026, there were 107 security incidents in the crypto industry, with losses reaching $1.18 billion, up 55% quarter-on-quarter. Of this, approximately $906.8 million in losses involved compromises of vendors or development tools, known vulnerabilities that were not promptly patched, and related components not included in the scope of the latest audits. In addition, the asset security of some derivatives trading platforms and prediction markets relies on inadequate key management arrangements, but no vulnerabilities currently being exploited have been found in the relevant platforms. The analysis holds that security audits cannot replace continuous vulnerability management, and project teams still need to promptly patch known vulnerabilities and ensure that audits cover the system components that actually affect the security of funds.