Another day and another attack. Spectre, an on-chain researcher, revealed that a user with accounts on Coinbase and Kraken was exploited. According to the investigation, the attack resulted in the loss of $6.7 million in stolen funds.
A total of 10.5 BTC and 1,554 ETH worth $3.3 million were withdrawn from the victim’s Kraken account. Additionally, 34.1 $cbBTC, worth $2.6 million, was also withdrawn from Coinbase.
Details of the attack and more
This is evident from an early studythe account holder may have been the target of a physical attack that caused the theft. However, Specter later revised the assessment to indicate that there was likely no physical attack.
At that point, the hacker was quick enough to deposit $5.3 million into Tornado Cash to launder the stolen money.
While no further information is available on how the attackers gained access to the victim’s exchange accounts, the attack has further undermined the crypto custodian, which is losing ground.
This emphasizes how there In 2026, the number of scams has increased enormously. Data from DeFiLlama confirmed this sentiment, as the total compromised value peaked at $840.1 million.
In fact, April was the month with almost 30 incidents and hacks worth a total of $634.85 million.
2026 will be the year of scams
AMBCrypto also recently reported another exploit involving the Verus-Ethereum Bridge. Attackers reportedly stole approximately $11.58 million through an authentication error.
In the meantime, GitHub,has disclosed cases of unauthorized access to its systems.
Moreover, 14 Bankr wallets were compromised in another attack. The incident caused losses worth almost $150,000.
In conclusion, a close examination of the attacks shows that they are never the same; offenders always find a new way to carry out their activities. So it is unclear whether the number of hacks and attacks will continue to rise or fall at the end of 2026, with almost half of the year still to go.
Final summary
- The attack drained 10.5 BTC and 1,554 ETH, worth $3.3 million, from the victim’s Kraken account.
- DeFiLlama suggested that the total value compromised in 2026 totaled $840.1 million, with most of the hacks occurring in April.