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Crypto losses fell 46.8% year-on-year to $1.32 billion in H1 2026, but CertiK warns the drop is misleading. Exploits rose 59% quarter-on-quarter to $807.5 million in Q2, driven by KelpDAO and Drift Protocol hacks by North Korean hackers. Phishing caused $508.2 million in Q1 losses; wallet compromises led Q2.
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