Web3 hacks cost $464M in Q1 as phishing drives majority of losses: Hacken

Web3 hacks cost $464M in Q1 as phishing drives majority of losses: Hacken

5.25%BTC$74,515 4.98%XLM$0.1569 3.59%TRX$0.3211 0.31%XMR$349.54 1.12%DOGE$0.09446 3.68%BCH$437.17 2.57%ADA$0.2444 2.50%BNB$618.19 3.36%ETH$2,387 8.31%SOL$86.09 4.91%HYPE$44.87 7.30%XRP$1.37 3.44%USD Written by Christina Comben,Staff EditorReviewed by Bryan O'Shea,Staff EditorWeb3 hacks cost $464M in Q1 as phishing drives majority of losses: Hacken35 minutes agoHacken’s Q1 2026 report finds $464.5 million lost across 43 incidents, with phishing, legacy code bugs and key compromises driving losses as regulators tighten security demands. Web3 projects lost $464.5 million to hacks and scams in the first quarter of 2026, while multi-billion-dollar “mega hacks” gave way to a larger number of mid-sized incidents, according to blockchain security company Hacken. According to Hacken’s Q1 2026 report, phishing and social engineering attacks dominated the period, accounting for $306 million in loss

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