Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures

Bitcoin Magazine Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures Crypto hacks have produced roughly $2.35 billion in net losses so far in 2026 after freezes and returns, according to a report by Lightning.news shared with Bitcoin Magazine. A security researcher by the name of Stacy Muur posted on X compiled “a list of protocols that were hacked for more than $50,000 in 2026.” 230 protocols year-to-date. “Crypto security is absolutely cooked.” September alone accounted for about $768 million in Muur’s tally, driven mainly by centralized exchanges and DeFi rather than pure Bitcoin self-custody hardware wallets, which got significant news coverage at the time. The largest single loss was Bitget’s September 24 drain of roughly $387.5 million from hot and warm wallets.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin Magazine.