▲Losses Move to Components That Worked as Designed

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 100 · +2 since Oct 11 · ranged 98 to 100

Showing the last few days. Unlock full score history.

Why the conviction moved

• Oct 12
  Strengthened +2

  79thVault lost $12.5 million through a single operator key, then recovered 92% of it. The loss came from a privileged operational credential, not a bug in contract code, which is exactly the failure surface that code-only audits miss.

• Oct 11
  Strengthened +5

  Bitget's $387.5 million backend breach led September losses of about $768 million. Most large incidents came from compromised credentials, signing keys and price feeds rather than flawed contract code. That puts the biggest losses in privileged off-contract infrastructure, which audits scoped to on-chain code do not cover.

Showing the last 2 days. Unlock the full record.

Source trail

• Supporting · October 12, 2026

  79thVault recovers 92% of $12.5 million drained through a single operator key as October hack losses pass $98 million

  79thVault lost $12.5 million through a single operator key, then recovered 92% of it. The loss came from a privileged operational credential, not a bug in contract code, which is exactly the failure surface that code-only audits miss.

  Cointelegraph (Telegram)

• Supporting · October 11, 2026

  Bitget's $387.5 Million Backend Breach Leads a Run of Losses in Off-Chain Signers, Oracles and Bridges

  Bitget's $387.5 million backend breach led September losses of about $768 million. Most large incidents came from compromised credentials, signing keys and price feeds rather than flawed contract code. That puts the biggest losses in privileged off-contract infrastructure, which audits scoped to on-chain code do not cover.

  Rekt News (Bitget)