Morning Edition · Monday, October 12, 2026Published at 1:41 AM EDT · New York
Cointelegraph's tally puts 2026 hack losses at $2.68 billion through September, and the cause of a $4 million wallet drain on a trader at Token2049 is still unknown.

According to Cointelegraph's running tally, hackers took $2.68 billion in crypto through September, and October has already added more than $98 million. Most of the October figure comes from the tampered Ledger devices covered in today's le…
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Part of a tracked trend
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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