Exchanges and Hardware Wallets Face $9.2 Billion Hack Losses

Crypto losses have skyrocketed to approximately $9.2 billion in 2026, as highlighted by Bitfinex. This alarming figure includes losses from both exchanges and hardware wallets, prompting renewed discussions about the viability of self-custody solutions. The implications of these losses may lead traders to reassess the security of their assets and explore alternative custody options, especially in light of rising breaches in the crypto sector. The crypto market just witnessed a significant shift as it grapples with the staggering $9.2 billion in losses attributed to hacks this year.