Crypto Platforms Lose $3.6 Billion to Hacks and Exploits in 2025-2026
Crypto platforms lost over $3.6 billion to hacks and exploits between January 2025 and July 2026, according to CoinGecko's 2026 State of Crypto Security Report.
The report tracked 245 separate incidents over 19 months and found that most of the money was lost due to infrastructure failures and stolen private keys, not smart contract bugs.
About 60% of hacked platforms had passed an independent security audit before they were breached, but these audits did not stop the hacks.
The single biggest hack in the period was Bybit, which lost $1.436 billion. Several other platforms also suffered nine-figure losses, including KelpDAO ($292 million), Drift Protocol ($285 million), and Cetus ($223 million).
S supply chain and infrastructure attacks caused the most financial damage by far, responsible for $1.806 million of the total.