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

Crypto-related hacks resulted in

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

. It represents a from January 2025’s .

compared with December 2025, when $75.95 million was stolen.

The top five incidents in January were highly concentrated.

led with , followed by and . 

reported losses of , while , of which was later recovered. 

Beyond protocol exploits, PeckShield noted that

during the month. This underscores the scale of social-engineering risks alongside smart contract vulnerabilities.

February sees sharp pullback but continued concentration

In

, the crypto sector recorded . This marks a and a . 

The annual comparison is heavily influenced by the

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. 

The

. was the largest single incident at , followed by the . 

, , and .

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.