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.
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