INDYFINANCE
2026-10-01 UTC
 
BREAKING STORY

Crypto Hacks Drained $1.26 Billion Even as Bitcoin Had Its Best Quarter Since 2024

Security losses mounted in the same quarter bitcoin logged its strongest performance in roughly two years, underscoring a split between price gains and platform risk.

Crypto & Digital AssetsBTC
Executive takeaway

Crypto hacks totaled $1.26 billion over the quarter in which bitcoin posted its best performance since 2024, a split CoinDesk highlighted as the quarter closed.

Newsroom graphic
Bitcoin's quarter-long climb to near $84,000. Bitcoin's price path over the past quarter shows the rally that CoinDesk called its best since 2024, giving readers the trajectory behind the headline number.

Bitcoin's quarter-long climb to near $84,000

Bitcoin's price path over the past quarter shows the rally that CoinDesk called its best since 2024, giving readers the trajectory behind the headline number.

Live bitcoin (BTC-USD) prices, referenced against CoinDesk's report of bitcoin trading flat near $84,000 at quarter's end.

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<figure><a href="https://www.indy.finance/news/crypto-hacks-drained-1-26-billion-even-as-bitcoin-had-its-best-quarter-since"><img src="https://www.indy.finance/news/crypto-hacks-drained-1-26-billion-even-as-bitcoin-had-its-best-quarter-since/graphic.svg" alt="Bitcoin's quarter-long climb to near $84,000" width="1200" height="675"></a><figcaption>Bitcoin's quarter-long climb to near $84,000 — <a href="https://www.indy.finance/news/crypto-hacks-drained-1-26-billion-even-as-bitcoin-had-its-best-quarter-since">Indy Finance</a></figcaption></figure>
Crypto platforms lost $1.26 billion to hacks during the same quarter bitcoin notched its best run since 2024, CoinDesk reported. Bitcoin itself traded flat near $84,000 as the quarter closed, holding onto those gains even as interest rates dipped ahead of Friday's U.S. employment report. The juxtaposition matters for anyone weighing crypto as an asset class: price performance and infrastructure security are moving on separate tracks. A monster quarter for holders coincided with one of the costlier stretches for exchanges, bridges and protocols targeted by hackers. It is not yet clear from the reporting which specific platforms accounted for the bulk of the $1.26 billion, or whether the losses are concentrated in a handful of large incidents versus spread across many smaller ones.
What would change this view

If a breakdown of the $1.26 billion shows losses concentrated in one isolated incident rather than a pattern across the quarter, the security-risk framing would weaken.

Wire sources cited

Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.