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.
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Generated Image: Midjourney