Q3 Crypto Security Losses Surpass $1 Billion Following Bitget Hack

2026-10-06

Crypto security incidents in the third quarter of 2023 resulted in losses exceeding $1 billion. The Bitget exchange reported a significant hack contributing to these figures.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Third quarter cryptocurrency security losses exceeded $1 billion, with 247 reported incidents. A significant hack at the Bitget exchange contributed substantially to these losses, highlighting ongoing vulnerabilities in the digital asset ecosystem.

Key facts

Third quarter cryptocurrency security losses totaled $1.26 billion.
A total of 247 incidents were reported in the third quarter.
September saw approximately $769 million in assets lost due to exploits.
The Bitget exchange experienced a security breach resulting in the loss of $388 million.
These losses underscore vulnerabilities within the digital asset ecosystem.

Source: CoinTelegraph

Reported by VERA Newswire.