According to Chainalysis, attacks attributed to North Korea accounted for nearly 89% of reported crypto hack losses in 2026, compared with 15% in 2021. Between 2021 and October 29, 2026, reported losses totaled $22.34 billion, including $13.24 billion attributed to North Korean operations. The average loss per attack rose from $50.65 million in 2021 to $185.65 million in 2026, indicating a focus on high-value targets. The October 29 Binance hack, estimated at between $6.3 billion and $6.4 billion, and the September Bitget exploit, which caused $387 million in losses, account for much of these totals. TRM Labs also estimates that North Korea’s share of the value of crypto hacks reached around 85% in 2026.
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