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

Hacken reports that crypto hacks in the third quarter cost $1.18 billion, with 77% of losses tied to compromised suppliers, delayed fixes, or systems excluded from the latest security reviews. The firm argues that audits give investors a false sense of security because they often miss these gaps. The finding is a reminder of persistent operational and supply-chain risk across crypto platforms, which can weigh on confidence even without a specific protocol or token named.