More than 80 crypto industry cyberattacks occurred in Q1 2026, doubling year-on-year

AML/KYT provider Shard disclosed that the number of cyberattacks targeting the cryptocurrency industry in Q1 2026 doubled year-on-year, exceeding 80 incidents; however, total losses declined by 69% year-on-year to $496 million, down from $1.6 billion in the same period last year. Shard noted that losses in Q1 2025 were primarily driven by a major theft incident involving Bybit, valued at approximately $1.4 billion; in contrast, attacks in Q1 2026 were more dispersed, targeting DeFi protocols, infrastructure services, and individual users. On a monthly basis: 29 attacks occurred in January, causing losses exceeding $392 million; 26 attacks occurred in February, causing losses exceeding $22 million; and 27 attacks occurred in March, causing losses exceeding $81 million.