Crypto-related hacks resulted in
While February recorded a sharp month-on-month decline in losses, the combined figures show that security incidents continue to pose a material risk early in the year.
January losses dominated by a handful of large exploits
January 2026 accounted for the bulk of losses, with
The top five incidents in January were highly concentrated.
Beyond protocol exploits, PeckShield noted that
February sees sharp pullback but continued concentration
In
The annual comparison is heavily influenced by the
Despite the lower aggregate figure, losses in February were again dominated by a small number of incidents.
Source: X
The
Early 2026 data points to volatility rather than resolution
Taken together, the January and February figures highlight a pattern of loss concentration and volatility, rather than a sustained reduction in risk.
While February’s decline suggests fewer high-severity exploits, the persistence of mid-sized protocol and bridge attacks indicates that systemic vulnerabilities remain unresolved, particularly in cross-chain infrastructure and DeFi applications.
Final Summary
- Crypto hacks resulted in $112.53 million in losses across the first two months of 2026, with January accounting for more than three-quarters of the total.
- February losses fell sharply month-on-month, but a small number of incidents still dominated overall damage, highlighting ongoing concentration risk.
