The ten biggest hacks since 2022 have drained over $5 billion, revealing a security problem that extends far beyond smart contract vulnerabilities. The Bybit hack in February 2025, totaling $1.46 billion, was carried out through social engineering by compromising a developer’s computer, rather than exploiting a flaw in the blockchain code. North Korean-linked groups Lazarus and TraderTraitor have been identified as responsible for many major crypto thefts, using tactics such as fake job offers and social engineering. TRM Labs reported a record 207 crypto hacks in H1 2026, more than double the 85 incidents recorded in H1 2025, with losses reaching $972 million, of which 66% were attributed to North Korean actors.
Source: Read the original article
