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

[Patikno]

Most hacking cases occur in altcoins, and this makes me doubt the security, and convenience provided by altcoin projects. This is very different when we compare it to Bitcoin. Bitcoin has never experienced hacks, especially hacks that occur in its blockchain network, while altcoins often experience hacks, some even have to shut down their networks. So, that is why I have more confidence and trust in Bitcoin. Although people think that altcoins have the potential for large profits, but what is the point if they have significant risks. Personally, I still consider Bitcoin to be the safest crypto asset, even Bitcoin is able to maintain the value of our finances, and also make it increase in value, especially in the long term.

By the way, if there were an altcoin that could guarantee the security of its network, and guarantee losses against hacks that occur, then I think I would be interested, but it seems that it doesn't exist, or maybe it is impossible, prove me if I am wrong.

[peter0425]

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 percentage is not increasing at least. Maybe it means there are now better ways to fight off hacks or maybe people are becoming more knowledgeable and aware of how to protect their assets. Since the industry is growing, expect that hacks and scams will grow alongside it. The more people are in an industry the higher chances that people with bad intentions will also flock towards that industry.

[Asiska02]

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

The percentage when compared to how it was in the past has shown that people are more security conscious and we’ve recorded a smaller percentage of hacks happening now than before. Due to the wide range of hacks in the market, the losses becomes irreplaceable, it makes taking security more serious by every crypto holder.

I will say this is a good progress even though the method of hacks keeps coming differently and see people having different approaches to scam their victims. This makes updating yourself with the latest security methods being used by this scammers a must know by every crypto holder. The forum has served a good purpose for that for a long time and it is still a good place people talk about latest hacks to be careful of by crypto holders.

[Alphakilo]

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 percentage is not increasing at least. Maybe it means there are now better ways to fight off hacks or maybe people are becoming more knowledgeable and aware of how to protect their assets. Since the industry is growing, expect that hacks and scams will grow alongside it. The more people are in an industry the higher chances that people with bad intentions will also flock towards that industry.

I think people are getting smarter on how to preserve their investments and with the advancement in AI technology, am sure that large pocket holders would be able to detect hacks before it happens and that's a plus for the sophistication of today's technology.
There is always the possibility of hacks that's why we have so many cyber security courses also ongoing to ensure that everyone knows how to stay safe and preserve their assets properly.

[JiiBs]

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

When these hacks do take place, it doesn’t necessarily mean the money is out of the market, it’s simply a shift from person to person and the money simply stays in the market but in the hands of other investors.
These hacks however occurs mainly on an exchange base and sparks the need for people to reduce their dependency on exchange for saving their Bitcoins, it’s always been a wrong move and these hacks remains a reminder. The market would always absorb whatever is thrown at it and it’s back again before you know it.

[WhoYouCantKill]

The market is now a matured one that  a whole of $100m+ losses won't threaten all round liquidity or even confidence they it has done once, the volume of trades and involvement of institutions are very much bigger presently.
All in the same time, it has some desensitization. There can rlbe frequent hacks that users nearly see as a part of the ecosystem, but is not really a good one. The resilience is genuine, but the level of numbness may produce complacency.

[UchihaSarada]

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.

The biggest risk is a blockchain and altcoin blockchains are bad in security and they are far less secure than Bitcoin blockchain.
Then a next risk is security of a token smart contract as well as whether their founders and developers have plans of scam exits or are immoral enough for doing massive token mints, rug pulls, project abandonments in the future.

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!

People who have their favorite choices as altcoins or meme tokens are gamblers and they did not know enough about risk of altcoins, shit tokens or they actually knew about risk but they are true degens by ignoring known risk and took risk with hope that everything will go well, profit will come, no loss at the end.

Smart contracts from altcoins are not good to defend token holders and users. They are more likely as favorite tools for altcoin scammers to do their scams more easily and smartly.

What is Smart Contract risk?

[Dunamisx]

Hacks are happening from time to time, maybe some of us have not been privilege to hear about some of these ugly activities by being informed, but those affected truly knows that they are in existence, but we must not have to wait till we got affected before we know about the security measures to take and how we could stay safe preventing our assets from any form of scam in attempt to ripped us off what belongs to us.

[aoluain]

Yet another reason why getting involved with Altcoins is a risky move.
Most are unproven or centralised or designed as a money grab or pump-and-dump scheme.
But I guess if people who are getting involved with these projects dont already know the risks
these hacks wont deter them.

Ok there are other altcoins which havent been hacked [yet] but Bitcoin as a proven system
has never been hacked. That is a very appealing statistic and one which should be to the forefront
of every newcomer's consideration.

[Cryptmuster]

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

Yes, there are still quite a lot of hacks. But I don’t think there is too much negativity around this. The reason is that the companies mentioned try to compensate their users for all losses. By doing so, they show that if you are dealing with a company that cares about its reputation, these hacks will not affect users in any way, and all their losses will be reimbursed.

[Shishir99]

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?

Good questions.
I think the market has matured now. Bitcoin was around $20,000 or even less, and the total market cap was more than five times lower than what it is today. So a few million-dollar hack could move the market 5% to 10%. But the marketcap went high enough not to care about to small hacks. Yet, these hacks significantly impact the market. Probably, some of us no longer notice this. However, day traders are aware of these hacks, and they capitalize on every opportunity.

[davis196]

1.Hacks are a problem for the digital fiat financial system as well, why do you focus on crypto only?
2.The fact that centralized crypto exchange platforms are being hacked only proves one thing. We shouldn't rely on centralized services to store our crypto. Cold wallets are safe as long as their owners don't make mistakes. Even when a centralized crypto exchange gets hacked, the company behind that crypto exchanges covers all the loses and the people don't lose the crypto in their trading accounts.
3.I wonder why do you have to ask "do we even care anymore?"? Yes, we do care about the problem, but caring about the problem doesn't solve anything. Crypto exchanges are being hacked, but this isn't my problem, since I don't store my crypto on any centralized services.

[Ishicryptic]

There is a proverb in my culture which if translated to English is 'when they are carrying a stranger's dead body in a coffin it will seem like it's a log of wood that they are carrying but if the dead person is your loved one you will understand the pains of a loss. So hacks have become too frequent that it has become a regular news to us that are no way involved in the theft, we hear it and empathize for a few moments or we don't and we move on. But it won't be the same for people that have invested their hard earned money and watch it drain, they will be devastated, some will even commit suicide when they could not cope with the lose. When it comes to cryptocurrency holders must take the security of their funds very seriously, they need to always be informed about upgrading the security of their assets.

[fikrett]

Good questions.
I think the market has matured now. Bitcoin was around $20,000 or even less, and the total market cap was more than five times lower than what it is today. So a few million-dollar hack could move the market 5% to 10%. But the marketcap went high enough not to care about to small hacks. Yet, these hacks significantly impact the market. Probably, some of us no longer notice this. However, day traders are aware of these hacks, and they capitalize on every opportunity.

The more we see something that already happened, the smaller the percentage in the fact that it would impress us or make us act on it.. With big firms and traders, I think it takes the same type of effect.

[SquallLeonhart]

Old topic, but the topic is very true still. For the past 2 months nothing changed since this topic was created, we still had some small hackings, nothing too large at the moment but still not zero. On top of it we have to remember that scamming is a big problem as well, some are straight up stealing from people, and some acts as if they are valid projects and get funding and stole those.

So when you combine all of these hacks and then put all these scams on top of it, you get billions every year, not millions. That is what is wrong with the crypto world and many people lose their entire savings because of it, I hope it gets better with time but I do not see how that could be possible unless we get better regulations.

[Shishir99]

The more we see something that already happened, the smaller the percentage in the fact that it would impress us or make us act on it.. With big firms and traders, I think it takes the same type of effect.

True.
I think this is tied to human psychology. If you get hurt for the first time, you will be too sad, and you may even cry. But if it continues to happen for a while, you won't get hurt anymore. When we saw a minor correction on the market for the first time, I am sure a lot of us panicked. But we learned day by day that it is part of the crypto market behaviour, and it happens occasionally. I also panicked a lot when I was holding some crypto for the first time. But I do not care about the market movement anymore.

[mindrust]

As long as it is below a hundred million USD, nobody cares. 40 million usd got stolen? Why would you care? It doesn’t move the needle a bit. Nobody feels anything became markets absorb it instantly. When it is $100m above and those coins get sold on the exchanges/blackmarket, then people care because the markets actually crash. Btw I don’t know exact required amount to crash the markets, so maybe we need a lot more than $100m but I know $40m isn’t enough to crash it nowadays.

In the past when btc marketcap was smaller, we were feeling it every time when an exchange got hacked. Nowadays unless it is the big names like binance, coinbase etc; it won’t have the same effect.

[joniboini]

Another thread from October is getting bumped, although the topic is not as useless as the others that I've seen. That being said, I do not think people should shout on their social media whenever a hacking incident happens. The important thing is they learned from it. Someone probably mentioned that we have so many companies tracking addresses that a hacker can't move funds as quickly as before, or dump them on the spot market easily. They're not stupid, most of the time.