Bitget’s $388M hack pushes Q3 crypto security losses past $1B

Crypto security losses reached $1.26 billion in Q3 across 247 incidents, with September alone accounting for roughly $769 million.

Losses from crypto security incidents climbed to $1.26 billion in the third quarter of 2026, largely driven by the $387.5 million hack of crypto exchange Bitget.

Losses rose 53.9% from $819.4 million in Q2, while the number of security incidents increased about 13% from 219 to 247, according to data from blockchain security company CertiK.

The Bitget hack accounted for about 31% of Q3 losses, making it the quarter’s largest recorded incident under CertiK’s methodology. Liquid Network’s $319 million exploit on Sept. 6 ranked second, followed by Tectonic at $120 million and the $112.7 million Coldcard theft.

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