TechFlow News, May 31: Shard, an AML/KYT provider, disclosed that the number of cyberattacks targeting the cryptocurrency industry in Q1 2026 doubled year-on-year, exceeding 80 incidents; however, total losses declined by 69% to $496 million, down from $1.6 billion in the same period last year. Shard noted that losses in Q1 2025 were primarily driven by a major theft incident at Bybit, involving approximately $1.4 billion; in contrast, attacks in Q1 2026 were more dispersed, targeting DeFi protocols, infrastructure services, and individual users. On a monthly basis, there were 29 attacks in January, causing losses exceeding $392 million; 26 attacks in February, causing losses exceeding $22 million; and 27 attacks in March, causing losses exceeding $81 million.
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