Chainalysis says suspected North Korea-linked hacks made up nearly 89% of reported crypto losses in 2026

Chainalysis says suspected North Korea-linked hacks made up nearly 89% of reported crypto losses in 2026

N
News Editor
2026-10-31 00:19:43
ChainCatcher, citing data from blockchain analytics firm Chainalysis, reported that as of Oct. 29, 2026, losses tied to suspected North Korea-linked crypto hacks accounted for nearly 89% of all reported crypto hacking losses this year. The figure marks a sharp increase from 15% in 2021. The data also showed that the average loss per suspected North Korea-related attack rose from $50.65 million in 2021 to $185.65 million in 2026, or about 3.7 times higher. Over the period from 2021 through Oct. 29, 2026, total reported losses from crypto hacks reached $22.34 billion. Of that amount, $13.24 billion was attributed to suspected North Korea-related attacks, representing about 59% of the total. The figures point to a growing concentration of reported crypto hack losses in incidents linked to suspected North Korean actors, based on Chainalysis data cited by ChainCatcher.

ChainCatcher, quoting Chainalysis data, said that as of Oct. 29, 2026, losses tied to suspected North Korea-linked hacks made up nearly 89% of all reported crypto hacking losses this year. Back in 2021, that share was 15%.

Look at losses per incident and the jump is brutal: the average loss from suspected North Korea-related attacks climbed from $50.65 million in 2021 to $185.65 million in 2026. That is about 3.7 times the 2021 level.

From 2021 through Oct. 29, 2026, cumulative reported losses from crypto hacks hit $22.34 billion. Of that amount, $13.24 billion was linked to suspected North Korea-related attacks, or about 59%.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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