Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.
Crypto hack losses reached $8.74 billion in 2026 by October 31, more than three times the $2.51 billion lost over the same ten months of 2025, after the October 29 Binance breach alone added $6.36 billion.
Take Binance out and the picture flips. The rest of 2026 comes to $2.38 billion, about 5% less than 2025 at the same point, even though attackers hit 325 targets against 120 a year earlier. More attacks, smaller hauls, and then one enormous one.
The market has its own pattern. Across the ten largest hacks since January 2025, Bitcoin’s move on the day of the attack ranged from -4.1% to +1.9%. A month later, for the nine with a full month of data, the range ran from -15.5% to +19.9%, and it followed whatever the broader market was doing.
The 2025 hacks landed in falling marke...