TRM Labs: North Korea-linked hacks accounted for $643M of $972M in H1 2026 crypto losses
AI Market Summary
TRM Labs reports a record 207 crypto hacks in H1 2026, with $972M stolen; 66% (~$643M) is attributed to North Korea-linked actors, concentrated in two April attacks (Drift Protocol and KelpDAO). While aggregate losses fell sharply versus H1 2025, infrastructure compromises represented only ~15% of incidents but drove ~76% of losses, highlighting elevated key management and signing-system risk for exchanges and DeFi venues.
Impact level
● Medium
Affected assets
BTC/USDT+2.46%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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TRM Labs reported 207 cryptocurrency hacks in the first half of 2026, the highest six-month count on record, with total losses of $972 million—more than 50% lower than the $2.3 billion stolen in H1 2025. It attributed about $643 million, or 66% of the stolen funds, to North Korea-linked activity. Most of that total came from two April incidents affecting Drift Protocol ($285 million) and KelpDAO ($292 million). The report said infrastructure and operational compromises made up about 15% of cases but accounted for roughly 76% of total losses.
