đš Major Crypto Hacks Have Shaken the Industry in 2026
2026 has been marked by several major security incidents across the crypto industry. Billions of dollars in digital assets have been affected by exploits and hacks, highlighting the importance of security in both DeFi protocols and centralized exchanges.
One of the biggest incidents involved KelpDAO, which lost approximately $292 million in April. Attackers exploited a vulnerability in its LayerZero-powered bridge and drained around 116,500 rsETH, representing roughly 18% of the token's circulating supply.
Drift Protocol was also hit by a major attack, with approximately $285 million drained from its vaults. Blockaid described it as a sophisticated governance-layer attack that exploited weaknesses in the protocol's operational security.
In September, Liquid Network suffered an exploit involving approximately $320 million worth of Bitcoin. Attackers exploited a vulnerability in the transaction-validation system to withdraw BTC from the network's reserves. Around 85% of the withdrawn Bitcoin was later returned.
Most recently, Bitget suffered a major security incident on September 24. The exchange initially estimated the loss at around $351.6 million, with subsequent analysis putting the figure at approximately $387.5 million. Bitget stated that its cold wallets remained secure and that the loss would be covered by its User Protection Fund. The investigation is ongoing.
These incidents are a reminder that crypto security remains one of the most important issues in the industry.
What do you think is the biggest security risk in crypto today â DeFi bridges, smart contracts, governance systems, or centralized exchanges?
#Crypto #Bitcoin #BTC #Ethereum #ETH #DeFi #CryptoSecurity
2026 has been marked by several major security incidents across the crypto industry. Billions of dollars in digital assets have been affected by exploits and hacks, highlighting the importance of security in both DeFi protocols and centralized exchanges.
One of the biggest incidents involved KelpDAO, which lost approximately $292 million in April. Attackers exploited a vulnerability in its LayerZero-powered bridge and drained around 116,500 rsETH, representing roughly 18% of the token's circulating supply.
Drift Protocol was also hit by a major attack, with approximately $285 million drained from its vaults. Blockaid described it as a sophisticated governance-layer attack that exploited weaknesses in the protocol's operational security.
In September, Liquid Network suffered an exploit involving approximately $320 million worth of Bitcoin. Attackers exploited a vulnerability in the transaction-validation system to withdraw BTC from the network's reserves. Around 85% of the withdrawn Bitcoin was later returned.
Most recently, Bitget suffered a major security incident on September 24. The exchange initially estimated the loss at around $351.6 million, with subsequent analysis putting the figure at approximately $387.5 million. Bitget stated that its cold wallets remained secure and that the loss would be covered by its User Protection Fund. The investigation is ongoing.
These incidents are a reminder that crypto security remains one of the most important issues in the industry.
What do you think is the biggest security risk in crypto today â DeFi bridges, smart contracts, governance systems, or centralized exchanges?
#Crypto #Bitcoin #BTC #Ethereum #ETH #DeFi #CryptoSecurity