Crypto audits after $1.18 billion in losses: “The problem is always scope”

Select what genuinely interests you. Your picks feed directly into our editorial planning. An audit badge on the website of an exchange or a protocol reads like a guarantee. The security firm Hacken has now set out how little it covers when it matters: in the third quarter of 2026, attacks on the crypto market cost $1.18 billion across 107 incidents, and $906.8 million of that fell on components that were never on the table at the last security audit. That is 77 percent of the quarter's losses. Co-founder Andrii Matiukhin summed it up to CoinDesk: “The problem is always scope”.