INSIGHT · GLOBAL
Crypto platforms lost $3.6B to hacks in 18 months despite security audits
CoinGecko data: cryptocurrency platforms suffered $3.6B in losses to cyberattacks and theft over the last 18 months, even after conducting formal security audits. Breaches often stem from stolen private keys and sophisticated social engineering, not code flaws alone.
WHY IT MATTERS
Security audit fatigue is real: passing an audit does not eliminate operational security risk. For BFSI entering crypto/stablecoin settlement, this underscores the need for continuous monitoring and insider-threat programs, not point-in-time audits. Regulators will expect higher assurance standards than crypto-native firms deliver.
Source: PYMNTS · 2026-09-08