Crypto hacks are the canary: attack counts surge but dollar losses stay flat
markjeffrey · x · 2026-10-22
Partner hosseeb argues cybersecurity is facing a COVID-like wave sweeping the internet, and that on-chain hacks are the leading indicator—crypto is the easiest place to monetize cyberattacks, so it got hit first and hardened first.
Key points:
- Small protocols are mostly getting popped; large ones defend themselves with AI tools
- The number of hacks has gone vertical, yet the dollar value stolen remains roughly equal to 2025—more attacks, less money per hit
markjeffrey quipped that the whole world is about to find out what it's like to be a DeFi protocol.
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