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

Crypto audits give investors a false sense of security, according to security firm Hacken. The firm found that 77% of third-quarter losses, which totaled $1.18 billion, involved compromised suppliers, delayed fixes, or systems outside the latest security reviews. This highlights the limitations of audits in preventing hacks.