Hackers Steal $168M in Crypto from DeFi Protocols
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Crypto Heists on the Decline: Step Finances $40M Leak, Truebits $26.4M Drain, and Resolv Labs Key Compromise
Despite a significant drop in hacks targeting decentralized finance protocols, the first quarter of 2026 saw thirty-four attacks resulting in $168.6M in crypto losses, down from $1.58B in 2025. The largest hit was Step Finances $40M private key leak in January, followed by Truebits $26.4M ether drain on January 8th, and Resolv Labs fund loss due to another key compromise on March 21st.
Last years massive haul was driven by the $1.4B Bybit exploit, and experts like Krakens chief security officer Nick Percoco attribute these crimes to bull markets, big launches, and liquidity accumulation. Attackers range from organized groups like those linked to North Korea to cyber rings and opportunists exploiting smart contract vulnerabilities or weak access.
As threats evolve with credential thefts, social engineering, and AI plays, the crypto world remains vigilant year-round to maintain security.
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