Security· ★★★★· bearish·

Crypto Hack Losses Reach $2.35 Billion in 2026 as CEX and DeFi Incidents Dominate

  • —230 protocols hacked year-to-date, with net losses near $2.35 billion
  • —Bitget lost $387.5 million on September 24; incident linked to North Korea
  • —Liquid Network: 4,000 unbacked L-BTC minted, 3,400 BTC returned
  • —Coinkite and Ledger hardware wallet losses estimated at $100–130M and $86–102M
Why it matters: Damage concentrated in CEX hot wallets, DeFi governance and sidechains rather than Bitcoin's base layer, strengthening the case for multivendor multisig custody.
#BTC
Source: Bitcoin Magazine
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