Blockchain security firm Hacken reported that there were 107 crypto hacks in Q3, resulting in losses of $1.18 billion, a 55% increase from the previous quarter. Approximately $907 million (77% of total losses) was due to compromised vendors, uninstalled public security patches, or systems not covered by the latest security audits. Hacken noted that crypto audits often have a limited scope, failing to cover the systems actually attacked by hackers, leading investors to a false sense of security regarding audit results. The report cited cases such as the $352 million theft from Bitget and the $93 million loss due to "spy" chips implanted in Ledger hardware wallets.