TechFlow News, April 14: According to a report by blockchain security firm Hacken covering Q1 2026, Web3 projects suffered a total of $464.5 million in losses from hacks and scams during the quarter. Of this amount, phishing and social engineering attacks accounted for $306 million—the largest loss category. A hardware wallet scam in January alone caused $282 million in losses, representing 81% of the quarter’s total losses. Smart contract vulnerabilities led to $86.2 million in losses, while failures in access control—including compromised private keys and cloud services—resulted in $71.9 million in losses. The report notes that the most significant security incidents predominantly occurred at the off-chain operations and infrastructure layers—areas often outside the scope of traditional audits. Europe’s regulatory frameworks, MiCA and DORA, are increasingly imposing stricter requirements on security monitoring and incident response, while global regulators are also raising standards for real-time monitoring and emergency response.
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