Report: Q2 2026 Becomes Worst Quarter Ever for Crypto Hacks
🔒 DeFi platforms faced 121 hacks in 2026, leading to losses of approximately $942 million, with the second quarter being the most active period for exploits, accounting for 85 incidents and $775 million stolen.
💰 Major losses were attributed to two significant attacks: Drift Protocol lost $285 million linked to North Korean hackers, while KelpDAO was exploited for around $290 million, showcasing vulnerabilities in their security measures.
📉 The total value locked (TVL) in DeFi has steadily declined from $115 billion in January to $70 billion by June, driven by decreasing investor confidence and ongoing hacks, although the current downturn is less severe than previous market cycles.
🔒 DeFi platforms faced 121 hacks in 2026, leading to losses of approximately $942 million, with the second quarter being the most active period for exploits, accounting for 85 incidents and $775 million stolen.
💰 Major losses were attributed to two significant attacks: Drift Protocol lost $285 million linked to North Korean hackers, while KelpDAO was exploited for around $290 million, showcasing vulnerabilities in their security measures.
📉 The total value locked (TVL) in DeFi has steadily declined from $115 billion in January to $70 billion by June, driven by decreasing investor confidence and ongoing hacks, although the current downturn is less severe than previous market cycles.