Altcoins News
By Evie Vavasseur
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Wallets and Keys, Not Just Code. The really alarming part of Blockaid's findings isn't the dollar total.
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Solana's Growing Attack Surface. Solana's $373 million in losses deserves its own look.
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What the Industry Needs to Do. Blockaid's report is pretty clear on the direction things need to go. Real-time threat detection.
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Crypto got hit hard. Blockaid's latest report puts total losses from crypto hacks at $3.1 billion for just the first six months of 2026 — spread across more than 75 major attacks.
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That number is jarring. Ethereum has long been the backbone of decentralized finance, carrying more locked value than any other network.
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The really alarming part of Blockaid's findings isn't the dollar total. It's the shift in how these attacks happen.
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For years, smart contract exploits were the main story. A bug in the code, someone finds it, funds drain. That's still a problem, but it's no longer the dominant one.
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Ido Ben-Natan, Blockaid's CEO, put 2025 in context. That year saw $2.58 billion lost across 63 incidents — already a painful figure.
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Solana's $373 million in losses deserves its own look. The network's rapid expansion — memecoins, DeFi protocols, rising transaction counts — made it a natural target.
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The memecoin boom brought in enormous retail activity. And retail users are often the easiest targets.
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Related: Triple-A Absorbs $11.8M Hit After Treasury-Wallet Breach, Says Client Funds Safe
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And that's a harder problem to fix than a smart contract bug. You can audit code. You can't always audit human behavior at scale.
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Blockaid's report is pretty clear on the direction things need to go. Real-time threat detection. Stronger authentication. Comprehensive infrastructure monitoring.
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That's a bigger ask. It means crypto platforms can't just hire a few auditors and call it done. They need ongoing security operations, not one-time reviews.
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The numbers back that up. $3.1 billion in six months is not a rounding error. It's a signal that the industry's security posture hasn't kept pace with its growth.
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