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Morning Edition · Sunday, October 11, 2026Published at 1:46 AM EDT · New York
Bitget's $387.5 Million Backend Breach Leads a Run of Losses in Off-Chain Signers, Oracles and Bridges
September losses reached about $768 million, and most of the large incidents came from compromised credentials, signing keys and price feeds rather than flawed contract code.
Rekt News has published post-mortems on six incidents from the past several weeks. Taken together, they show the pattern behind about $768 million in September losses, which made September the costliest month of 2026 so far. Bitget, about $…
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Losses Move to Components That Worked as Designed
A growing share of DeFi losses will come not from buggy contract code but from components behaving exactly as specified — oracle forwarders, validator signature sets, governance votes and other trusted off-contract inputs — so audits and bug bounties scoped to on-chain code keep missing the failure surface, and protocols will be repeatedly forced to extend review, scope and monitoring to their privileged operational infrastructure.
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