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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/02/2026

Bitget Hack Drives Q3 Crypto Security Losses Past $1.26 Billion

What happened: Crypto security losses surged to $1.

Bitget Hack Drives Q3 Crypto Security Losses Past $1.26 Billion

What happened: Crypto security losses surged to $1.26 billion in Q3 2026 across 247 incidents, according to CertiK. The $387.5 million Bitget hack on September 24 accounted for about 31% of the quarter’s losses. The attacker exploited a zero-day vulnerability in a third-party security product to gain internal credentials and initiate large-scale withdrawals. September alone saw $769 million in losses, making it the worst month of 2026 for crypto security.

Why it matters: The scale and sophistication of the Bitget incident underscore persistent vulnerabilities in crypto infrastructure, especially with third-party integrations. While Bitget’s cold wallets were unaffected and user balances are reportedly protected by a $465 million fund, the hack raises ongoing concerns about operational security and the risks of concentrated custodianship. Attribution to North Korean actors remains speculative, with CEO Gracy Chen not ruling out insider involvement.

Source: Cointelegraph