AI · CryptoSlate
Crypto hacks hit a record count but the biggest threat isn’t smart contracts
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Crypto hack counts set a record.
Key facts
- Yet total losses fell to $972 million, less than half the $2.3 billion stolen during the first half of 2025
- TRM said the number of hacks more than doubled from 83 incidents in H1 2025 to 207 in H1 2026
- TRM said infrastructure and operational compromises accounted for only about 15% of incidents in H1 2026 but roughly 76% of stolen value
- That figure was down from about $1.7 billion in the first half of 2025, but it still made North Korea-linked actors the largest source of stolen value in the period
Summary
01 TRM Labs recorded 207 crypto hacks in H1 2026, the highest six-month total it has seen. 02 Despite more incidents, losses fell to $972 million, because most damage came from a few large operational compromises. 03 Smart-contract audits still matter, but the unresolved risk is keys, custody, and signing controls that can trigger outsized losses. In its H1 2026 crypto hack review, TRM Labs said attackers carried out 207 separate hacks in the first half of the year, the most the firm has recorded in any six-month period. Yet total losses fell to $972 million, less than half the $2.3 billion stolen during the first half of 2025.