Crypto Hacks Lead to $112.53M Losses in Early 2026

Cryptocurrency security incidents resulted in $112.53 million in losses during January and February 2026, according to data from blockchain security firm PeckShield, highlighting persistent vulnerabilities in the sector despite a sharp decline in the second month.

January accounted for the majority of the damage, with 16 hacks leading to $86.01 million stolen. This figure marked a 1.42 percent decrease from January 2025's $87.25 million but rose 13.25 percent from December 2025's $75.95 million. The losses were concentrated in a few major exploits. Step Finance suffered the largest breach at $28.9 million, followed by Truebit with $26.4 million and SwapNet at $13.3 million. Saga reported $7 million in losses, while Makina Finance lost $4.13 million, though $2.7 million was later recovered. PeckShield also noted that phishing attacks exceeded $300 million in January, emphasizing social engineering as a significant threat beyond technical exploits in smart contracts and protocols.

February brought a marked improvement, with losses totaling between $26.5 million and $35.7 million across 15 incidents, as reported by PeckShield and CertiK. This represented a 69.2 percent drop from...