DeFi Protocols Lose $169M to Hackers in Q1
April 3, 2026 at 06:40
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✦ AI Summary
- Hackers targeted 34 DeFi protocols, stealing $169 million
- The largest breach involved a $40 million attack on Step Finance
- These incidents highlight growing security vulnerabilities in DeFi
The first quarter witnessed a staggering loss of $169 million in the decentralized finance (DeFi) sector due to hacking incidents. Among these breaches, January marked the most severe attack, where portfolio management platform Step Finance suffered a $40 million compromise due to a private key hack.
This alarming trend underscores the escalating security risks that DeFi protocols face, prompting a need for enhanced protective measures across the board.
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