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Why DeFi Keeps Losing Millions to Exploits

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Decrypt Editorial
(02:01 PM UTC)
1 min read
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Reviewed bySarah Chen

In brief

  • DeFi protocols have lost over $1 billion in the first five months of 2026, with April alone bleeding more than $600 million across Drift, Kelp DAO, and a dozen smaller hits.
  • North Korea-linked actors accounted for 76% of global crypto hack losses through April 2026, up from 64% in 2025 and under 10% in 2020, per TRM Labs.
  • AI is lowering the bar for exploit discovery, experts say, with…

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