← Back

Wire · market

Crypto Hacks Hit All-Time High as North Korea Drains Over $600M and AI Agents Become New Target

Published

29 July 2026

Topic

market

Sectors

Crypto & Web3

Source

Read at news.google.com

Verified

Fusion42 · 29 July 2026 · Fusion42 review

Cryptocurrency projects experienced a record 212 hacks in the first half of 2026, totaling over $1.1 billion in losses. North Korean state-sponsored groups were responsible for over $600 million, shifting their tactics from exploiting code vulnerabilities to sophisticated social engineering of protocol operators.

This Wire brief sits within Fusion42's coverage of Crypto & Web3. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.

◆ The Wire takeaway

State-sponsored hacking has moved from auditing your code to compromising your team. If your security model relies on a multisig council or admin keys held by humans, you are the primary target.

Related on Wire

Topics

Crypto & Web3cryptosecuritysocial-engineeringnorth-koreadefi