{"id":89571,"date":"2025-10-03T17:19:32","date_gmt":"2025-10-03T14:19:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89571"},"modified":"2025-10-03T17:20:16","modified_gmt":"2025-10-03T14:20:16","slug":"crypto-industry-losses-from-hacks-drop-by-37-in-q3","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-industry-losses-from-hacks-drop-by-37-in-q3\/","title":{"rendered":"Crypto Industry Losses from Hacks Drop by 37% in Q3"},"content":{"rendered":"<p>Total losses in the digital asset industry due to hacker attacks fell by 37% in the third quarter, amounting to $509 million, according to a report by CertiK.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Despite this record, the number of incidents causing losses exceeding $1 million is still on track to decline from 2024. <a href=\"https:\/\/t.co\/SsgsHuPrUG\">pic.twitter.com\/SsgsHuPrUG<\/a><\/p>\n<p>\u2014 CertiK Alert (@CertiKAlert) <a href=\"https:\/\/twitter.com\/CertiKAlert\/status\/1974074402485805433?ref_src=twsrc%5Etfw\">October 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, September set a negative record for the number of major incidents. The month saw 16 attacks (excluding phishing) with damages exceeding $1 million.<\/p>\n<p>In July and August, the figures were eight and five, respectively. Incomplete data for 2025 shows 302 hacks compared to 472 in 2024.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Key Details<\/strong><\/h2>\n<p>In the third quarter, losses from code vulnerabilities sharply decreased compared to the previous quarter, from $272 million to $78 million, writes <a href=\"https:\/\/cointelegraph.com\/news\/q3-2025-crypto-hacks-losses-drop-37-percent\">Cointelegraph<\/a> citing the full CertiK report. Losses related to phishing also declined, despite a similar number of incidents.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-52a3df7e64c038e4-5893759725025883.webp\" alt=\"image\" class=\"wp-image-266914\"\/><figcaption class=\"wp-element-caption\">Source: Cointelegraph\/CertiK.<\/figcaption><\/figure>\n<p>Experts observed that over the past three months, there were no major hacks exceeding $100 million, but attackers focused on medium-scale attacks.<\/p>\n<p>Centralized exchanges suffered the most significant losses, with $182 million stolen.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-2caa62134c6f7ba9-5893760551545170.webp\" alt=\"image\" class=\"wp-image-266915\"\/><figcaption class=\"wp-element-caption\">Source: Cointelegraph\/CertiK.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Exchanges, as well as <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> projects, continue to be lucrative targets for attackers, especially state-sponsored groups,&#8221; stated CertiK.<\/p>\n<\/blockquote>\n<p>Nevertheless, the complex nature of decentralized finance still attracts hackers, researchers emphasized. The DeFi sector ranked second, losing $86 million.\u00a0<\/p>\n<p>One of the largest was the <a href=\"https:\/\/forklog.com\/en\/news\/hacker-returns-40-million-stolen-from-gmx\">attack<\/a> on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">decentralized exchange<\/a> GMX, resulting in a $40 million theft. However, the hacker returned the funds for a $5 million reward.<\/p>\n<p>At the end of September, <a href=\"https:\/\/forklog.com\/en\/news\/pendle-team-denies-hack-rumours\">rumors emerged<\/a> about a hack of the DeFi protocol Pendle. The team denied this information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total losses in the digital asset industry due to hacker attacks fell by 37% in the third quarter, amounting to $509 million, according to a report by CertiK.<\/p>\n","protected":false},"author":1,"featured_media":89572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"However, September set a negative record for the number of major incidents.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1204,44,1252],"class_list":["post-89571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-certik","tag-cybercrime","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"188","promo_type":"1","layout_type":"1","short_excerpt":"However, September set a negative record for the number of major incidents.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89571"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89571\/revisions"}],"predecessor-version":[{"id":89573,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89571\/revisions\/89573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89572"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}