Cryptocurrency hack losses took a sharp decline during the third quarter of the year, plummeting by nearly 37%, according to data from blockchain security firm CertiK. This drop followed a shift in tactics as attackers moved away from smart contract vulnerabilities and toward more targeted wallet-based attacks and operational breaches. CertiK’s analysis revealed that losses declined significantly from around $803 million in the second quarter to $509 million in Q3, marking a 36.6% decrease. This reduction was attributed to reduced vulnerability exploits, which fell sharply from $272 million in Q2 to $78 million in Q3. Despite the overall decline, September saw a record-breaking month for high-value incidents, with 16 attacks exceeding $1 million, setting a new high for the year.