Crypto Platforms Lose $3.63 Billion to Hacks Since 2025, CoinGecko Report

According to BlockchainReporter, a CoinGecko report reveals that crypto platforms recorded $3.63 billion in losses from 245 security incidents between January 2025 and July 2026. The report states these attacks are linked to organized criminal groups and state-sponsored actors using mixers and bridges to track funds less easily. Infrastructure and supply-chain vulnerabilities caused over $1.8 billion in losses across centralized and decentralized platforms, including Bybit and KelpDAO. Private key compromises remained a major risk for centralized exchanges, while decentralized applications faced smart contract exploits. Platforms like Bitget, Binance, and Hyperliquid encountered oracle and market manipulation attacks.

Furthermore, the report notes that around 60% of exploited platforms underwent independent security audits prior to being attacked, and these audited platforms accounted for 88.44% of total stolen capital. Meanwhile, active crypto insurance coverage from leading on-chain protocols dropped by 20.2% from $163.2 million to $130.2 million, while cumulative payouts remained at $33 million. Restrictive policy terms and elevated security risks caused five out of nine on-chain insurance protocols to become inactive or shift focus, with centralized exchanges increasingly introducing protection funds instead.