Crypto hacks hit a record count but the biggest threat isn’t smart contracts

Crypto hack counts just set a record. The warning in TRM Labs‘ latest data is where the money is actually being lost. In its H1 2026 crypto hack review, TRM Labs said attackers carried out 207 separate hacks in the first half of the year, the most the firm has recorded in any six-month period. Yet total losses fell to $972 million, less than half the $2.3 billion stolen during the first half of 2025. That split chang…