Crypto Long & Short: What this year's $972 million crypto hacks actually tell us about security

CryptoInfo Editorial Team · Published on July 29, 2026 at 15:13 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→Most of 2026's stolen crypto is leaving through keys, signers, and governance issues.
→Contract bugs are no longer the primary cause of stolen crypto.
→Being audited does not guarantee safety, as emphasized by Immunefi's Mitchell Amador.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

This year's $972 million crypto hacks have highlighted significant security vulnerabilities in the industry, according to Immunefi's Mitchell Amador in a recent article on CoinDesk.

Most of the stolen crypto is leaving through keys, signers, and governance, rather than contract bugs, which was a common issue in the past.

Amador notes that simply being audited does not guarantee safety, emphasizing that “we were audited” is not the same as “we are safe”.

As reported by CoinDesk, these findings suggest that the crypto industry needs to reevaluate its approach to security and take a more comprehensive approach to protecting user funds.

Source: CoinDesk ↗