Crypto Industry Sees Remarkable 98% Drop in Hack Losses Year-Over-Year

A report from PeckShield has revealed a substantial decline in cryptocurrency hack losses, with February 2026 seeing a significant reduction of $1.5 billion to just $26.5 million compared to the same period last year. This drop represents an impressive 98% decrease in losses incurred.

The improvement is attributed to the evolution of defensive techniques within the industry, which are now outpacing the progression of malicious actors. While this development is a positive sign, it does not mean that vulnerabilities have been entirely eradicated.

DeFi protocols and cross-chain infrastructures remain particularly susceptible to attacks, highlighting the need for continued vigilance and development of new security measures.