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Total funds lost to crypto hacks and exploits fell by almost 37% in the third quarter, as malicious actors shifted their approach from smart contract attacks to wallet-focused compromises and operational breaches.
According to data from blockchain security firm CertiK shared with Cointelegraph, the initial losses dropped from $803 million in Q2 to $509 million in Q3, a 37% decline. Compared to Q1, when hackers stole almost $1.7 billion, Q3’s losses declined by over 70%.
CertiK said losses from code vulnerabilities fell sharply, from $272 million…
