Crypto hacks reached an all-time high in the first half of 2026, with a record 207 breaches reported by blockchain security firm TRM Labs. The total losses from these hacks amount to $972 million, significantly lower than the $2.3 billion stolen during the same period last year.
The median loss per incident was around $219,000, while the mean topped $4.7 million, reflecting a handful of large-scale breaches. Smart contract exploits drove much of the surge, accounting for 125 of the incidents or roughly 60% of all breaches.
The majority of losses were attributed to North Korea-linked hackers, who accounted for about 66% of the stolen funds. The KelpDAO exploit and Drift Protocol theft in April were particularly notable, draining $577 million from the industry.