According to a TRM Labs report, there were 207 crypto hacks and exploits in the first half of 2026, the highest for any six-month period on record, but total losses were $972 million, less than half of the $2.3 billion recorded in the same period in 2025. The report stated that the typical loss per incident was approximately $219k, with 123 incidents recorded in the second quarter, setting a quarterly high; smart contract exploits accounted for the majority, with 125 incidents, primarily targeting DeFi protocols, decentralized exchanges, and token projects. Infrastructure and operational security incidents accounted for only about 15% of events but caused approximately 76% of losses. Two North Korea-linked attacks in April dominated first-half losses, with Drift Protocol losing approximately $285 million and KelpDAO losing about $292 million, totaling approximately $577 million. TRM Labs estimated that approximately $643 million in losses in the first half of 2026 could be attributed to North Korea-linked hacks, accounting for about 66% of total losses.