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Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures

What happened

The year’s biggest numbers—Bitget $387.5M, Liquid ~$320M, Drift ~$285–296M, KelpDAO ~$292M—came from hot wallets, governance, bridges, and sidechain code, not the hardware wallet stories that drew the most attention.

Related asset context

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