Crypto Audits Fail to Prevent $1.18B in Q3 Hacks, Despite 77% Involving Preventable Issues
Security firm Hacken reports that most crypto hacks in Q3 were due to preventable issues, raising questions about the effectiveness of current audit practices.
Security firm Hacken reports that most crypto hacks in Q3 were due to preventable issues, raising questions about the effectiveness of current audit practices. BNB (BNB) is trading at ₹69,353 ($728.61), up 0.6% since this brief published. This is an original Token Times brief based on reporting by CoinDesk, with live market data added, as of Mon, 19 Oct 2026 13:15:01 UTC.
The findings highlight critical vulnerabilities in crypto security practices, suggesting that audits alone are insufficient to protect against the majority of hacks, which stem from compromised suppliers, delayed fixes, and outdated systems.
- 77% of Q3 crypto hacks involved preventable issues like compromised suppliers.
- Total Q3 losses reached $1.18 billion according to Hacken.
- BNB Chain completed a $1.197 billion quarterly burn amid bearish indicators.
Hacken, a blockchain security firm, has revealed that 77% of cryptocurrency losses in Q3 2023 were due to preventable issues such as compromised suppliers, delayed security fixes, and systems not updated to the latest security standards. This finding underscores a significant gap between the current audit practices and the actual security needs of the crypto industry.
The report indicates that despite the increasing frequency and sophistication of security audits, the majority of hacks are still exploiting vulnerabilities that could have been addressed through more robust and timely security measures. This raises concerns about the effectiveness of existing audit processes and the overall security posture of crypto platforms.
In related news, 
BNB Chain has completed its 37th quarterly burn, removing $1.197 billion worth of BNB from circulation. This event coincides with BNB trading near the $725 mark, with bearish indicators suggesting potential support at $700. The burn is part of BNB Chain's ongoing strategy to reduce the token's supply and potentially increase its value over time.
The broader crypto market remains relatively stable, with a total market capitalization of $2.82 trillion. 
Bitcoin has seen a modest 24-hour increase of 0.36%, while the overall market sentiment, as measured by the Fear & Greed Index, stands at 59, indicating a state of 'Greed'. BNB itself is currently priced at $724.54, showing a slight 24-hour increase of 0.25% but a 7-day decline of 3.45%.
The implications of these developments are twofold. Firstly, the Hacken report calls for a reevaluation of security practices within the crypto industry, emphasizing the need for more proactive and comprehensive measures to protect against hacks. Secondly, the BNB Chain burn, while a regular occurrence, continues to influence market dynamics and investor sentiment around BNB.
Since this brief published about 24 hours ago, BNB (BNB) has moved from ₹68,965.28$724.54 to ₹69,352.68$728.61 — +0.56%.
The chart plots BNB's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BNB ≈ ₹76,121.53 (about $728.61), up 0.9% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Crypto Audits Fail to Prevent $1.18B in Q3 Hacks, Despite 77 — questions & answers
What percentage of Q3 crypto hacks were preventable?
77% of Q3 crypto hacks involved preventable issues like compromised suppliers.
How much did BNB Chain burn in its latest quarterly event?
BNB Chain completed a $1.197 billion quarterly burn.
What is the current market sentiment for crypto?
The Fear & Greed Index stands at 59, indicating a state of 'Greed'.
How much is 1 BNB worth in rupee today?
About ₹76,121.53 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $728.61. The rupee price moves with both BNB's US-dollar price and the USDT/INR rate; use our BNB in rupee page for any amount.
Has BNB's price moved since this brief was published?
BNB is up 0.56% since this brief first published — trading at ₹69,353 ($728.61) now versus ₹68,965 ($724.54) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.