The post Q3 2025 Crypto Hack Report: Wallet Attacks Surge Despite Overall Loss Decline appeared first on Coinpedia Fintech News
Crypto security is sending mixed signals.
Overall losses fell sharply in Q3 2025, dropping nearly 37% to $509 million from $803 million in Q2. Compared to Q1’s nearly $1.7 billion stolen, this is a huge decline.
But September told a different story: the month saw a record number of million-dollar incidents, showing that while total losses are down, hackers are still finding big openings.
Hackers Shift Focus to Wallets
The pattern is clear. Attackers are moving away from smart contract exploits and going after wallet vulnerabilities and operational flaws. Code-related losses fell from $272 million in Q2 to just $78 million in Q3, signaling better protections.
Still, September’s 16 hacks over $1 million – the highest ever in a single month – show that mid-sized attacks are rising.
“Exchanges, as well as DeFi projects, continue to be
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