DeFi hack losses to fall in 2026 despite AI threats, says Dragonfly partner

Haseeb Qureshi, a managing partner at Dragonfly, predicted that annual losses from DeFi hacks will decrease this year compared to 2025, despite the threat of artificial intelligence (AI). He said that fears of a major AI-driven hacking crisis in DeFi have not materialized. While the number of hacking incidents has increased, the average loss per incident has been steadily declining. This suggests that hackers are primarily targeting smaller or defunct protocols. Qureshi also noted that losses from compromised admin keys and multisig wallets have decreased, adding that large protocols have become more resilient after strengthening their defenses against AI-based attacks.