Bitget, Liquid exploits push Q3 crypto hacks toward $1.2B

Cryptocurrency hacks soared to $1.18 billion across 107 recorded incidents in the third quarter of 2026, according to security company Hacken.Hacken’s Q3 report attributed 77% (about $906 million) to compromised suppliers or developer tools, publicly disclosed fixes that had not been deployed, or other components outside security reviews.The four largest incidents included the $387 million Bitget hack, the $320 million Liquid Network exploit, the $120 million Tectonic exploit, and the Coldcard firmware vulnerability, associated with an estimated $115 million in losses.This Q3 was the most damaging quarter for crypto hacks since Q1 2025, when Bybit’s $1.4 billion loss to North Korea pushed the total to $1.6 billion.Q3 losses in total amount and composition. Source: HackenAbout 80% of the quarter’s losses were concentrated in four of the largest incidents, while 98 of the incidents recorded losses below $10 million. The median loss across all 107 incidents was $670,000.While supplier compromises and infrastructure failures drove much of the stolen value, smart contract incidents were the most frequent, accounting for $228 million in losses across 71 incidents as the most exploited at...