Hacking News
Record Losses in Crypto Custody in 2026
Exchanges and hardware wallets were both hit in 2026, with gross hack losses totaling approximately $9.43 billion. October 2026 saw the highest losses on record, mainly due to an attack on Binance that drained $6.3 billion. CertiK confirmed these losses, and Binance froze $2.85 billion in assets, subject to reconciliation and market-price changes. Cold wallets, also known as hardware wallets, have been a target for attackers, with major incidents leading to the theft of hundreds of millions in Bitcoin and other assets.