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Hacken says crypto audits give false security as Q3 hacks cost $1.18 billion

Security firm Hacken says crypto audits give investors a false sense of security after third-quarter hacks cost $1.18 billion, according to CoinDesk. Hacken found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.

Why “Unverified”

  • Reported by CoinDesk alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 60/100. How labels work

What the sources claim

  1. Hacken says crypto audits give investors a false sense of security as third-quarter hacks cost $1.18 billion.

    “Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion”
    CoinDesk
  2. Hacken found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.

    “77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews”
    CoinDesk

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-18 13:10 UTC. Labels are computed from the sources, not by the model.