On-chain hacking incidents are on the rise, Dragonfly Managing Partner Haseeb Qureshi says the cybersecurity space is experiencing a wave of attacks

Odaily reports: According to monitoring by Haseeb Qureshi, the cybersecurity space is experiencing a wave of attacks, with the crypto industry bearing the brunt. He stated that on-chain hacking incidents are the "canary" of the cybersecurity space, because the chain is the place where cyberattacks are easiest to monetize. Citing data, he noted that the number of on-chain hacking incidents is rising, but the annualized scale of stolen funds is roughly on par with 2025, with losses per incident declining. He said that most small protocols have already been compromised, while large protocols are leveraging AI tools to strengthen their defenses. He expects similar developments to emerge across the broader internet landscape.