Hacken

Hacken says crypto hackers stole $1.18 billion across 107 incidents in the third quarter, a 55% rise from the previous quarter. The security firm warned that audit badges can mislead investors when reviews exclude wallets, signing systems, suppliers and other infrastructure attackers commonly target.

The crypto market climbed 2.2% to $2.76T, returning to its 50 day moving average as buyers moved back into digital assets. Bitcoin held the key $80K area, while broad altcoin strength helped restore bullish sentiment across the market.

Nine crypto companies have formed the Quantum Alliance to develop standards for quantum-resistant blockchain security. The effort comes amid warnings that 6.4 million bitcoin, including 1.1 million attributed to Satoshi Nakamoto, could become vulnerable if powerful quantum computers emerge.

A cybersecurity assessment by Hacken found that roughly half of circulating USDT, about $91.3 billion on Tron, is governed by a contract that could be taken over with two signing keys. Bluechip still raised Tether’s corporate grade to C from D after a KPMG audit found reserves exceeded liabilities by $6.8 billion.