Crypto Platforms Lose Over $3.63 Billion to Cyberattacks Despite Security Audits
According to a report by CoinGecko, cryptocurrency platforms have lost over $3.63 billion in cyberattacks between January 2025 and July 2026. The findings highlight that traditional security audits are insufficient for preventing these attacks. The report noted that around 88% of the stolen funds came from platforms that had undergone independent security audits, indicating a gap in current audit practices. Most breaches targeted areas not typically covered by standard checks. Bybit was most affected with $1.4 billion lost in February 2025, followed by KelpDao and Drift Protocol. The report underscores the need for more robust cybersecurity measures beyond conventional audits to protect crypto platforms from sophisticated attacks.
