Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says

Hacken reported that crypto hacks totaled $1.18 billion in Q3 2026, a 55% increase from the previous quarter. About $907 million of those losses stemmed from compromised suppliers, developer tools, or security components excluded from audits. The firm warned that audit badges often cover only specific smart contracts, leaving wallets, signing systems and third-party software untested and creating a false sense of security for investors.