Crypto hacks fell 47% in H1 but ecosystem is no safer: CertiK
Crypto losses fell 46.8% year over year to $1.32 billion in H1 2026, but that decline is misleading. CertiK says the drop mainly reflects the prior year’s $1.4 billion Bybit hack, not a safer ecosystem. Phishing caused most Q1 losses, while wallet compromises dominated Q2 and drove $807.5 million in losses. More than 70% of Q2 losses came from the KelpDAO and Drift Protocol hacks, which are attributed to North Korean state-sponsored actors. CertiK and TRM Labs both warn that attackers are becoming more targeted and destructive. TRM said incident counts more than doubled to 207 in H1, the highest six-month total it has recorded, with smart contract exploits making up 60% of incidents. Private keys and multisignature wallet management remain the most important security weak points, and protocols are urged to strengthen hardware security, governance, and signer distribution.
