Crypto Hack Losses Plummet 47% to $1.32 Billion in H1 2026

Crypto hack losses plummeted by 46.8% in H1 2026 to $1.32 billion, according to a report from Traders Union. Despite this significant decline, security experts warn that attackers are becoming increasingly sophisticated and destructive.

The largest losses were attributed to phishing attacks, totaling $508.2 million in the first quarter, while wallet compromises led to losses of $807.5 million in the second quarter.

The majority of total losses came from the KelpDAO and Drift Protocol exploits, which are believed to have been carried out by North Korean-linked hacking groups.

CertiK analysts cautioned that the decline in total losses may be misleading, as it was largely due to the absence of a breach comparable to the Bybit hack. The overall pace of attacks continues to accelerate, with TRM Labs reporting a 148% increase in recorded incidents from Q1 to Q2.