Institutional investors are moving past smart contract audits as the primary measure of crypto security, after conventional trust signals consistently failed to identify which projects would
Institutional investors are moving past smart contract audits as the primary measure of crypto security, after conventional trust signals consistently failed to identify which projects would be exploited, according to a new report from blockchain security firm Hacken.
Hacken’s Q2 2026 Security and Compliance Report, which covered 1,427 projects with market capitalizations above $1 million drawn from assets listed across the top 50 centralized exchanges by CoinGecko Trust Score, found that only 9% of those projects had third-party monitoring in place. Just 4% combined monitoring with both an active bug bounty program and a security audit.
