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

Bitcoin Magazine·October 28, 2026·1 min read
Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures

Net 2026 crypto hack losses reached roughly $2.35 billion after freezes and returns, according to Lightning.news data. September alone accounted for about $768 million, led by Bitget's September 24 hot-and-warm wallet drain and Liquid Network's Elements bug. Centralized exchanges and DeFi dominated losses despite hardware wallet failures.

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