A new report says that financial losses stemming from cryptocurrency hacks were below $1 billion U.S. in this year’s first half.
The report from Immunefi says that cryptocurrency projects lost $972 million U.S. from 207 hacks in the first half of 2026.
The total losses were less than half of what the industry lost in the first six months of 2025, says the report.
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However, the there were more crypto hacks recorded in this year’s first half than ever before, says Immunefi in its latest “Ecosystem Update.”
While attacks on crypto companies, exchanges, and wallets are becoming more frequent, the hacks are becoming less costly per event, according to the blockchain security firm.
Losses from decentralized finance (DeFi) have fallen 74% from their 2022 peak, dropping from $2.62 billion U.S. to $680.3 million U.S. in this year’s first half. Median loss per exploit fell 75%.
The firm attributed the decline to continuous security coverage and a growing number of researchers identifying vulnerabilities before hackers can exploit them.
However, risks in the crypto space have migrated to smart contracts, where vulnerabilities are increasing.
Immunefi says that the most severe damage increasingly stems from infrastructure failures, private key compromises, and cross-chain configuration errors.
Immunefi said the threat landscape is evolving, with attackers moving up the stack toward operational and infrastructure layers rather than focusing on protocol code to access crypto.
Bitcoin (CRYPTO: $BTC), the largest cryptocurrency by market capitalization, is trading at $62,800 U.S. on July 9.
