Number of Crypto Incidents Rises by 60 Percent in Q3

In the third quarter, the number of crypto incidents rose by approximately 60 percent to 107 cases, compared to 67 in the previous quarter. The total damage amounted to $1.18 billion, primarily due to several large attacks. Of the 107 incidents, 71 targeted smart contracts. CertiK even reported 268 incidents in Q3, an increase of nearly 21 percent from 222 in Q2. Most incidents were smaller, with 98 cases resulting in damages of less than $10 million and an average damage of $670,000. About 80 percent of the total damage came from four incidents, including the attack on the cryptocurrency exchange Bitget, where $387.5 million was stolen. Hacken advises projects to also include external systems and bridges between blockchains in their security checks.

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