Bankless · Friday, July 17, 2026
Countering fears of an escalating DeFi hackpocalypse, Hasib argues that the worst may be behind us, citing data showing annualized dollar amounts of hacks in 2026 are lower than in 2025, despite April's large-scale breaches. While the number of hacks might be up, the average size has decreased, suggesting attackers are targeting smaller protocols.
“the month of terrible hacks, which was April of this year, was the top. And in fact, hacks have gotten fewer and less significant ever since then.”
“And annualized dollars of hacks in DeFi in 2026 is lower than in 2025. even though that includes April, which was a gargantuan month, and KelpDAO.”
“So the number of hacks, maybe I misspoke, the number of hacks is up, but the size of hacks fell even more than the number going up, which means those hackers are picking up smaller and smaller protocols and abandonware, as he called it.”