News · Crypto · Cointelegraph · Thu, Oct 15, 2026 11:00 AM
Crypto hacks at Bitget and Liquid push Q3 losses close to $1.2B
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Hacken analysis shows compromised suppliers and tools caused 77% of the $1.2B in Q3 crypto hack losses at Bitget and Liquid.
Q3 2023 saw roughly $1.2 billion in crypto hack losses, with Bitget and Liquid among the most affected exchanges.
Hacken’s report attributes about 77% of the losses to compromised suppliers, developer tools and infrastructure components that had not undergone security audits.
The findings underscore the importance of vetting third‑party components in the crypto ecosystem.
Key Findings
Based on reporting from Cointelegraph. Read the original.
OpenBook analysis
Market impact
The surge in hack losses may lead regulators to tighten oversight of crypto exchanges, and investors may scrutinize security practices more closely. The sector could see higher demand for independent security audits.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by Cointelegraph and is general market information, not investment advice. Editorial policy & corrections