CROWDFUNDINSIDER · 2026-10-04 17:50 UTC

September's $742 Million in Crypto Hacks Exposes the Limits of Exchange and Hardware Custody

September 2026 saw $742 million in crypto theft across 33 hacked entities, with Bitget ($387.5M) and Liquid Network ($319M) accounting for 95% of losses. Coldcard hardware wallets shipped with weakened seed generation from March 2021, resulting in confirmed losses above 1,700 BTC and estimates near $130 million. Trezor and Ledger also faced security issues including data breaches, supply chain compromises, and potential physical attack vectors, exposing limitations across custody solutions.

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