According to the 2026 State of Crypto Security Report from CoinGecko, total losses from crypto hacks and exploits have exceeded $3.1 billion since the start of 2025, marking the highest level in the sector's history.
Bybit topped the list with a record-breaking **$1.44 billion** exploit, followed by **KelpDao** ($292M), Drift Protocol ($285M), and **Cetus** ($223M).
Other notable platforms included Balancer ($128M), **Bitget** ($100M), Nobitex ($90M), and **Phemex** ($74M), highlighting the diversity of attacks targeting both centralized exchanges and decentralized protocols.
The report emphasizes that cyberattacks are becoming increasingly sophisticated, leveraging code vulnerabilities, phishing, and social engineering. This calls for enhanced security measures across all trading platforms and DeFi protocols.