Q3 Crypto Hacks Near $1.2B as Bitget, Liquid Network Suffer Major Breaches

What happened: According to Hacken's Q3 2026 report, crypto hacks resulted in $1.18 billion in losses across 107 incidents, the worst quarter since early 2025. The largest breaches were Bitget ($387 million) and Liquid Network ($320 million), with compromised suppliers and infrastructure outside security audits accounting for 77% of losses. About $387 million was recovered or reversed, while $384 million remains unrecovered. Bitget's losses were covered by its user protection fund, and Liquid Network saw a partial return of funds by a self-described white hat.

Why it matters: The concentration of losses in infrastructure and supply chain vulnerabilities highlights persistent weaknesses in crypto security, even as smart contract attacks remain frequent. The scale and frequency of these incidents may drive greater scrutiny from regulators and force platforms to adopt more stringent third-party risk controls. Attribution of the Bitget hack to North Korean actors remains unconfirmed but underscores the geopolitical dimension of crypto crime.

Source: Cointelegraph, TokenPost, Fortune