Crypto hacks have been a persistent issue in the industry, and the first two months of 2026 are no exception. According to data from PeckShield, January saw 16 major hacks resulting in losses of $86.01 million.
This figure is notable for its concentration, with just five incidents accounting for over half of the total loss. The top five hacks were led by Step Finance, which lost $28.9 million, followed closely by Truebit at $26.4 million and SwapNet at $13.3 million.
February's losses were significantly lower, with 15 major hacks resulting in just $26.52 million. However, despite the decline, a small number of incidents still dominated overall damage, highlighting ongoing concentration risk.