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Crypto hack losses hit $112.5m in first two months of 2026, PeckShield data

Crypto hack losses hit $112.5m in first two months of 2026, PeckShield data

AMBCryptoAMBCrypto2026/03/02 17:51
By:AMBCrypto

Crypto-related hacks resulted in

$112.53 million
in losses across January and February 2026, according to data shared by PeckShield. 

While February recorded a sharp month-on-month decline in losses, the combined figures show that security incidents continue to pose a material risk early in the year.

January losses dominated by a handful of large exploits

January 2026 accounted for the bulk of losses, with

16 hacks totaling $86.01 million
. It represents a
1.42% year-on-year decline
from January 2025’s
$87.25 million
.

Losses were also 13.25% higher month-on-month
compared with December 2025, when $75.95 million was stolen.

The top five incidents in January were highly concentrated.

Step Finance
led with
$28.9 million
, followed by
Truebit at $26.4 million
and
SwapNet at $13.3 million

Saga
reported losses of
$7 million
, while
Makina Finance lost $4.13 million
, of which
$2.7 million
was later recovered. 

Beyond protocol exploits, PeckShield noted that

phishing-related losses exceeded $300 million
during the month. This underscores the scale of social-engineering risks alongside smart contract vulnerabilities.

February sees sharp pullback but continued concentration

In

February 2026
, the crypto sector recorded
15 major hacks totaling $26.52 million
. This marks a
69.2% decline from January
and a
98.2% year-on-year decrease compared with February 2025

The annual comparison is heavily influenced by the

$1.4 billion Bybit-related exploit
recorded last year, which inflated the 2025 baseline.

Despite the lower aggregate figure, losses in February were again dominated by a small number of incidents. 

Crypto hack losses hit $112.5m in first two months of 2026, PeckShield data image 0

Source: X

The

top five hacks accounted for approximately 98% of total stolen funds, or about $25.86 million
.
YieldBlox DAO
was the largest single incident at
$10 million
, followed by the
IoTeX bridge at $8.8 million

CrossCurve lost $4.95 million
,
FOOM Cash reported $2.26 million
, and
Moonwell accounted for $1.8 million
.

Early 2026 data points to volatility rather than resolution

Taken together, the January and February figures highlight a pattern of loss concentration and volatility, rather than a sustained reduction in risk. 

While February’s decline suggests fewer high-severity exploits, the persistence of mid-sized protocol and bridge attacks indicates that systemic vulnerabilities remain unresolved, particularly in cross-chain infrastructure and DeFi applications.

Final Summary

  • Crypto hacks resulted in $112.53 million in losses across the first two months of 2026, with January accounting for more than three-quarters of the total.
  • February losses fell sharply month-on-month, but a small number of incidents still dominated overall damage, highlighting ongoing concentration risk.

 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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