CoinTelegraph
Crypto security losses totaled $1.26 billion in Q3, up 53.9% from the previous quarter. The $387.5 million Bitget hack accounted for 31% of that total.
Why it matters
One incident made up nearly a third of quarterly losses. That concentration shows how a major exchange hack can weigh heavily on industry-wide security figures and investor trust.
Market impact
The figures measure losses, not a change in token prices. For investors, the immediate signal is the scale of security risk: losses outside the Bitget hack still totaled $872.5 million in Q3.
Frequently asked questions
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How much did crypto security losses rise from the previous quarter?
Crypto security losses rose 53.9% quarter on quarter to $1.26 billion in Q3.
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How large was the Bitget hack relative to Q3 losses?
The $387.5 million Bitget hack accounted for 31% of the quarter's $1.26 billion in crypto security losses.
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How much was lost in Q3 outside the Bitget hack?
Losses outside the $387.5 million Bitget hack totaled $872.5 million.
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Why does Bitget's share of the total matter?
A single exchange hack made up nearly a third of Q3 losses, showing how one major incident can weigh on industry-wide security figures.
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Do these figures show how token prices reacted?
No. They measure crypto security losses, not changes in token prices.
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