40+ DeFi Protocols Shut Down in 2026: Inside the $770M Hack Crisis Reshaping Crypto
More than forty cryptocurrency protocols have failed, resulting in over $770 million lost to hacking. April 2026 now holds the record for the most hacking incidents in crypto history. Unlike past collapses like Celsius, FTX, and Terra, which were largely due to fraud, these failures stem from issues like unsustainable business models, security breaches, and companies being unable to stay afloat financially. These were real businesses with users, funding, and products that simply ran out of money.

