Gate News message, on April 14, blockchain security company Hacken released its 2026 Q1 security report showing that Web3 projects lost $464.5 million in that quarter due to hacker attacks and scams. Of that, phishing and social engineering attacks caused $306 million in losses, making them the primary source of losses. A hardware wallet scam that occurred in January resulted in a single loss of $282 million, accounting for 81% of the quarter’s total losses. In addition, smart contract vulnerabilities led to $86.2 million in losses, while access control failures (including compromised keys and cloud services) caused $71.9 million in losses. The report notes that the largest-scale security incidents most often occur in off-chain operations and the infrastructure layer, where traditional audits are difficult to cover. On the regulatory front, Europe’s MiCA and DORA regulatory frameworks are increasing requirements for security monitoring and incident response, and global regulators are also raising the standards for real-time monitoring and emergency response.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Blockchain.com Launches SnapMarkets Amid Prediction Market Surge
Blockchain.com has launched SnapMarkets, a platform for prediction market trading. The launch occurs as prediction markets surge, according to the source material.
Regulatory Environment
The expansion of prediction markets is taking place amid regulatory tensions. Prediction markets face
CryptoFrontier1h ago
CFTC Plans to Codify Non-Custodial Developer Protections Following Phantom No-Action Letter
According to CFTC Chair Michael Selig speaking on Tuesday at Consensus Miami, the agency plans to codify protections for non-custodial software developers through formal rulemaking. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against crypto wallet provider
GateNews4h ago
Five Major U.S. Bank Trade Groups Oppose Stablecoin Yield Compromise on Monday
According to TD Cowen analyst Jaret Seiberg, major U.S. bank trade groups—including the Bank Policy Institute, Financial Services Forum, Independent Community Bankers of America, Consumer Bankers Association, and American Bankers Association—formally opposed a proposed stablecoin yield compromise on
GateNews5h ago
South Korea's Amended Foreign Exchange Act Passes Key Committee Today, Extends Crypto Exchange Oversight
According to ChainCatcher, South Korea's amended Foreign Exchange Transaction Act passed a parliamentary committee today (May 6), expanding regulatory scope to include crypto exchanges and other virtual asset service providers. The committee adopted technical revisions from expert members. The
GateNews6h ago
IMF warns: Global private credit at a scale of $2 trillion, with $300 billion in semi-liquid structures posing systemic risk
The IMF warned in its GFSR that the global private credit market is about $2 trillion, with 15% in semi-liquid instruments, and it has grown 3 times over the past five years. Four key vulnerabilities: borrower fragility, multi-layer leverage, subjective valuations, and opaque linkages; and interaction with banks creates systemic risk. It called for strengthening regulation of non-bank intermediaries, tightening semi-liquid redemption rules, and improving cross-border coordination. The warning echoes the U.S. psychological contagion warning.
ChainNewsAbmedia7h ago
US Top Five Bankers Association: The 《CLARITY Act》 stablecoin compromise language is insufficient, and there are still major loopholes
According to a joint statement released May 4 by five banking industry associations, including the American Bankers Association (ABA), regarding a stablecoin yield compromise proposed by Senators Tom Tillis and Angela Alsobrooks for the “Clarity Act” (CLARITY Act), each organization said the proposed wording would not be sufficient to prohibit paying stablecoin holders’ returns and interest, and called it a “significant gap that must be addressed.”
MarketWhisper8h ago
