Web3 loses $464M to hacks and scams in Q1 2026Web3 projects recorded $464.5 million in losses from hacks and scams in the first quarter of 2026, according to a recent report by Hacken.The period saw 43 incidents, with a shift away from mega hacks. Phishing and social engineering attacks dominated, accounting for $306 million.A single $282 million hardware wallet scam, last January, made up the majority of losses.The trend shows attackers favoring more frequent mid sized exploits.

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