Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says

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Crypto audits give investors a false sense of security, as Hacken reports Q3 hacks total $1.18 billion; 77% of losses stem from compromised suppliers, delayed patches, or systems outside recent security reviews. The firm warns that superficial audits miss supply‑chain weaknesses, prompting investors to demand deeper, continuous verification, which could reshape audit standards and risk‑management practices across the industry.