crypto hacks still in the millions, but do we even care anymore?

[Japinat]

PeckShield reported that in September 2025, crypto hacks caused around $127M in losses. That’s actually 22% less than August’s $163M, but it still included nearly 20 exploits. The biggest were:

UXLINK – $44M lost from a multisig exploit
SwissBorg – $41.5M drained in SOL due to a partner API breach
Venus – $13.5M phishing case (most of it recovered)
Plus Yala, GriffAI and a handful of smaller ones in the $1–$7M range

If you look back a few years, news of hacks in the tens of millions would’ve been enough to shake confidence in the whole market. But today, when daily crypto trading volume is in the billions, these events almost read like just another ordinary headline.

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

[] https://finance.yahoo.com/news/crypto-exploits-plunge-22-127m-105315326.html

[adultcrypto]

Hacking is a very big challenge in cryptocurrency and sometimes are not the fault of the victims. It gets me worried because it is painful to lose everything one have labored for in many years. We can't be careful enough when it comes to security because every day new threats are coming out and these are getting complicated. If multisig wallet can still be exploited, it is indeed a very scary thing to know.

[Stepstowealth]

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

Market maturity is a part of the reason, another reason is that hacks have happened a lot and people have become used to it that they no longer react as emotionally as before. You know when something has occurred often, people will no longer be shocked or surprised by it.

People reacted a lot often before because hacks were new, and people where not used to such, things have changed.

[Ambatman]

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

The market has never been the one to absorb the losses. The victims are.
And news on hacks don't really affect Bitcoin much because people are aware it's never the fault of Bitcoin.

And on the part of the hackers selling, Millions isn't really an impressive amount Now move the market
It can be seen from Strategy recent purchase that the market is now overlooking Millions.

[Davidvictorson]

Market maturity is a part of the reason, another reason is that hacks have happened a lot and people have become used to it that they no longer react as emotionally as before. You know when something has occurred often, people will no longer be shocked or surprised by it.

People reacted a lot often before because hacks were new, and people where not used to such, things have changed.

That's correct but aside this a lot needs to be done to curtail the rate of hacks that's ongoing from wherever they are originating from. One of the reasons why is it not shaking the market now compared to before is the widespread adoptions. Institutions and all.

[X-ray]

I think people just didn't care and get used to it.

Don't forget we have 3 supply chain attack within NPM package just in a week. That's serious problem, the 3rd time it happened people get used to it.

Apparently after the hack, UXLINK going down so hard people lost their money. It's the sad truth, the people who lost the money don't have any means to recover back and just got forgotten.

[pooya87]

Some shittoken being broken or a token creation platform having security flaws, or some centralize exchanges being hacked have nothing to do with bitcoin (this board is a bitcoin specific board). They are also not exactly crypto related either.

You also have to keep in mind that people who buy these shittokens are not doing it because they think they are safe or good or anything like that. They are simply gamblers who would bet on anything if they think they have a small chance of "winning" that bet and make a profit. Even if the creator of the shittoken says it is vulnerable and flawed, these gamblers are still going to buy it!

[LogitechMouse]

---
If you look back a few years, news of hacks in the tens of millions would’ve been enough to shake confidence in the whole market. But today, when daily crypto trading volume is in the billions, these events almost read like just another ordinary headline.

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

[] https://finance.yahoo.com/news/crypto-exploits-plunge-22-127m-105315326.html

Yes.

It's becoming a norm already when it comes to investing into crypto that investors simply just don't react to it anymore... or at least only on those small hacks only. I still remember when Bybit got hacked and Bitcoin as well as other top altcoins dumped momentarily before returning back to normal. I guess it's safer to say that when platforms of low volume is hacked, nobody cares, but when huge exchanges like Binance, Bybit, Bitget, OKX or whatever platform it is got hacked, there will be some that will react to it hence, causing the price to go down temporarily.

TBH, I'm not that familiar with those platforms that you shared to us, and that's why the market isn't reacting at all. It's because only a few knows those platforms that it wasn't enough for the market to go down when those hacks happened.

[OcTradism]

PeckShield reported that in September 2025, crypto hacks caused around $127M in losses. That’s actually 22% less than August’s $163M, but it still included nearly 20 exploits. The biggest were:

UXLINK – $44M lost from a multisig exploit
SwissBorg – $41.5M drained in SOL due to a partner API breach
Venus – $13.5M phishing case (most of it recovered)
Plus Yala, GriffAI and a handful of smaller ones in the $1–$7M range

Just think, Bitcoin blockchain has never been hacked or attacked 51% in its blockchain existence history.

Altcoins have many hacks, blockchain rollbacks with a lot of money lost, which are all enough or even abundant to remind people about dangerous altcoins. They can be rug pulled, blockchains can be hacked or rolled back and their blockchains are centralized, not decentralized.

Nowadays, new altcoins are based on smart contracts which are sensitve for scam plans while even Proof of Work altcoin blockchains are worse than Bitcoin blockchain in security.

https://howmanyconfs.com/

[Alpha Marine]

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

The way I see it, people see these hacks as "not their business" or they feel it can't be them. It's one of those things people never think will happen to them until it does. It's just like death; when people hear the news of death, it's just a statistic and numbers to them; nobody believes they will die prematurely until they die or lose a loved one. You tell a man to insure his life and make sure he puts the right things in place to make sure his family doesn't suffer in case of his death, he'll wave it off because he's still young and healthy.

This is what people think when they hear of hacks, and that is why, despite all the warnings and news, people are still careless with their privacy and security. No matter the stories of seizures from exchanges and frozen accounts without warnings, the hacks, and many other stories, people just have the mindset that it can't be them. Maybe they feel their not significant enough or something, I don't know. I just hope more people learn from things like this. If companies with teams of security guys can be hacked, how much more you when you're careless with things you should take seriously?

[Baghdad]

DPRK attacks on cryptocurrency ecosystem is towering over other industries, the hackers reliance on this industry  is frightening. Last month, SBI crypto was hacked of $21million, the funds were moved to five addresses down to Tornado cash to dull traces. The difficulty here is that SBI crypto, hitherto, haven't shown concern to this attack, an on chain investigator ZachXBT shared the development yesterday on his telegram channel with the theft addresses  attached:

0x40d76a78ddba2ea81fb0f9fba147a08bcfc2b866
bc1qx0a2kfjd7eweczv8xqjm6rggm40v0nkhfss78l
qpv9nh5ktagsmtkqle8z2w4dd3mksskpmy499z7c9k
ltc1qjyrn9p803efj3p8a0g3fmlevs45kq704ns363t
DRiEQuJ9pt3GgNraQmHVTjNg4B7uv1XuGb

[nemesis_incarnate]

PeckShield reported that in September 2025, crypto hacks caused around $127M in losses. That’s actually 22% less than August’s $163M, but it still included nearly 20 exploits. The biggest were:

UXLINK – $44M lost from a multisig exploit
SwissBorg – $41.5M drained in SOL due to a partner API breach
Venus – $13.5M phishing case (most of it recovered)
Plus Yala, GriffAI and a handful of smaller ones in the $1–$7M range

Just think, Bitcoin blockchain has never been hacked or attacked 51% in its blockchain existence history.

Altcoins have many hacks, blockchain rollbacks with a lot of money lost, which are all enough or even abundant to remind people about dangerous altcoins. They can be rug pulled, blockchains can be hacked or rolled back and their blockchains are centralized, not decentralized.

Nowadays, new altcoins are based on smart contracts which are sensitve for scam plans while even Proof of Work altcoin blockchains are worse than Bitcoin blockchain in security.

https://howmanyconfs.com/

Everybody chooses their own pill to swallow.

You either pick BTC and don't think about such things, or you pick alts but you are always at risk for wanting more profit than on BTC, if you are lucky.

That's why the space is so great - you pick your own path

[hugeblack]

The problem is that these hacks cannot be verified, and there is no confirmation that they actually occurred and were not an Insider, scam, or tax evasion, especially from unregistered companies/decentralized protocols whose administrative structure is unknown.

[henry_of_skalitz]

I do think that the first thing you described as the answer for this kind of behavior is the case: and overall, people, as it was said, are more okay-ish with taking risks - having to pay up for them in some cases.. So the investors don't just panic sell and FUD about it - that - much.

[Japinat]

The problem is that these hacks cannot be verified, and there is no confirmation that they actually occurred and were not an Insider, scam, or tax evasion, especially from unregistered companies/decentralized protocols whose administrative structure is unknown.

I don’t think this is just speculation, there’s a basis on how they came up with those figures. for instance, we have UXLINK. you can actually see the information in this article.

https://www.tradingview.com/news/cointelegraph%3Ac5ce830fe094b%3A0-uxlink-hack-turns-ironic-as-attacker-gets-phished-mid-exploit/

And we can also see PeckShield post in his X account and his website.

https://x.com/peckshieldalert
https://alert.peckshield.com/

[betswift]

Usually projects would tell everybody when something like that already happened - because it would be felt throughought the users / the operations and it's better to not just keep quiet..

[Localhostspeed]

If you look back a few years, news of hacks in the tens of millions would’ve been enough to shake confidence in the whole market. But today, when daily crypto trading volume is in the billions, these events almost read like just another ordinary headline.

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

[] https://finance.yahoo.com/news/crypto-exploits-plunge-22-127m-105315326.html

Anytime you see a news headline that a particular platform was hack and money move out of that platform, it means the platform was compromised, there must have been a security flaw somewhere. If crypto security isn't that safe, I believe even people that have been holding Bitcoin for years now ar going to loss there money but it's because they were able to keep their security tight that's why their wallet has never been compromised.

I think that if you are making investment in thousands and millions holding Bitcoin, you should be investing on security as well. This is not like banks where you can keep millions on their vault and come back sleeping like a princess, it's your own responsibility to guide and protect your coin.

[Lida93]

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

The market has never been the one to absorb the losses. The victims are.
And news on hacks don't really affect Bitcoin much because people are aware it's never the fault of Bitcoin.

And on the part of the hackers selling, Millions isn't really an impressive amount Now move the market
It can be seen from Strategy recent purchase that the market is now overlooking Millions.

With the  volume of funds that is being pumped into the market by retail traders, institutions and governments the amounts that goes to hacking is quite insignificant to the total volume in the market. Just what 21 Capital and Saylor of Strategy holds in their  bitcoin portfolio combined surpasses  the hacked figures in the op, enough to absorb a market shock, not to mention the widespread adoption.

[Onyeeze]

Hacking is a very big challenge in cryptocurrency and sometimes are not the fault of the victims. It gets me worried because it is painful to lose everything one have labored for in many years. We can't be careful enough when it comes to security because every day new threats are coming out and these are getting complicated. If multisig wallet can still be exploited, it is indeed a very scary thing to know.

do you know that before hackers can get access to your wallet then might have study you very well and they know how much that is inside the wallet, so any wallet that is stagnant can be easy for hackers to penetrate especially when you are not making any transaction with it but if you also is who's your private key that is another process where hackers can be used to take over everything that is in your wallet, I think many hackers does not concentrate on individual wallet to hack but where I know that they have much interest is for crypto exchange so I've had one time that binance was hacked and the every body that keep their coins in binance wallet, lost all their coin so before hackers carried out to that operation it took them time so before they can penetrate into your wallet they have investigate you very well and also send you some unknown unaware link, so we should not be afraid of cryptocurrency is still have a privacy with someone cannot easily penetrate

[tabas]

Do you think the market has simply matured and can absorb these losses, or are we just becoming numb to the scale of hacks?

Maybe both. We've been used to these hacks for the past years and they were even bigger than to be expected. And that's why if we feel numb about it, it's because we have had enough of it and anything that's new, we don't care anymore. That is the reason why we're taking care of ourselves and funds if these incidents happen to the market. There is no exchange that's safe and we're the ones doing the security checks to our funds. It's not only the market that has became matured but also the people. We've been matured and understood that anything can happen.