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Private Keys, Not Smart Contracts, Behind 40% of Crypto Hack Losses
NEWSJUN 29, 2026
Private Keys, Not Smart Contracts, Behind 40% of Crypto Hack Losses
Roughly $16.69 billion has been lost to crypto hacks, and investigators say stolen private keys account for about 40% of that total. The industry is now leaning on multi-party computation, account abstraction, and tighter operational controls to reduce single-point failure risk.