September 2026: The Approval Layer Was Exploited

Crypto lost $742.0M across 33 incidents in September 2026, almost three times August’s $255.5M and the biggest month of the year so far. Bitget’s $387M hack and Liquid Network’s $320M exploit account for about 95% of that, with the other 31 incidents adding up to $35.0M. In August, the prices going into contracts were wrong.