The ReefBleaching
About $1.44B has been drained from crypto by exploit and theft over the trailing twelve months, across 177 recorded events (ledger current to 2026-06-28). This is the cost of the reef being open water: permissionless means anyone can build, and anyone can attack.
About $1.44B has been drained from crypto by exploit and theft over the trailing twelve months, across 177 recorded events (ledger current to 2026-06-28). This is the cost of the reef being open water: permissionless means anyone can build, and anyone can attack.
Answer engine brief
Value stolen reads where open systems are showing security stress. The live value is $1.44B, with the current interpretation: 177 exploits, trailing year.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot catch an exploit before it happens. It reads the public damage record and the attack mix after the fact.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers