Crypto platforms are suffering massive losses to sophisticated exploits despite many having undergone independent security audits.
A new CoinGecko report shows that between January 2025 and July 2026, crypto platforms suffered a staggering $3.63 billion in losses across 245 documented incidents.
Notably the top 10 largest attacks accounted for more than 72.5% of the total value stolen during the period.
Out of 245 documented incidents since early 2025, 147 involved protocols that had undergone audits before being compromised.
These vetted entities represented a staggering 88.44% of the total capital drained over the last 19 months.
Only about 11.0% of these incidents involved in-scope smart contract flaws though these still resulted in $396 million in losses.
Infrastructure and supply chain vulnerabilities caused over $1.8 billion in losses while decentralized applications saw $546 million drained through smart contract exploits.
Active coverage by crypto insurance platforms fell 20.2% from $163.2 million to $130.2 million with cumulative payouts at $33 million.
As of August 2026 five of nine on-chain insurance protocols have gone inactive or pivoted.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney