Finally, 2026 is here, giving a fresh ambience for growth and prosperity. For crypto, this year is a big deal as it will witness huge protocol-level rollouts, important regulations, new ventures, and hopefully a market revival. Although the year has just started, it seems like crypto hackers are already busy.
Hacker drains multiple wallets on EVM chains
In the past two months, we saw a rise in major hacks in the industry, and 2026 has already brought another set of wallet drains, and the root cause of the incidents has not yet been identified.
As on-chain analyst and investor ZachXBT reported, hundreds of wallets on Ethereum Virtual Machine (EVM) chains have been drained. The amount of funds drained from the wallet has reached nearly $107,000, and the investigator noted that more thefts were happening at the time he reported the incident on X.
On the blockchain scanner Etherscan, if you try searching for the suspicious address behind the crypto theft, the website will read a clear message: “There are reports that this address was involved in suspicious activities. Please exercise caution when interacting with it.”
Crypto hacks see exponential rise in 2025
Chainalysis and TRM Labs reported that nearly $2.7 billion of crypto funds were stolen in 2025, significantly higher than in 2024. This rise in hacks was driven by several attacks on multiple platforms, such as Bybit ($1.5 billion), Upbit ($36 million), Balancer DeFi ($128 million), and Trust Wallet ($6 million).
According to Chainalysis, hackers have targeted personal wallets to drain funds. More infrastructure-style exploits were reported by TRM Labs, where hackers exploited private keys and front-end protocols.
It was just a week ago that Trust Wallet faced a Chrome browser extension-based hack where users enabled the browser extension, unaware that the extension carried malicious code.
2025 was replete with several major hack incidents, and this year is likely to see a further rise in hacks, given the steady rate of increasing adoption of the industry. Security analysts widely expect hacks to remain high in 2026.
CertiK, a leading blockchain security firm, released a report saying Web3 faced 630 security incidents, covering a total loss of $3.35 billion in 2025 — 37% year-on-year (YoY) compared to 2024.
