Crypto Losses Soar to $2.5 Billion in First Half of 2025
In the first half of 2025, nearly $2.5 billion in cryptocurrencies were stolen in 290 incidents. This surpasses the total losses of 2024, according to CertiK’s Hack3d report.
Compromised wallets led the losses, totaling over $1.7 billion in 34 cases. Phishing attacks came next, draining $410 million in 132 incidents. Code vulnerabilities caused $283 million in losses across 114 cases. Exit scams and price manipulation added nearly $20 million. Access control exploits caused $42 million in damages.
Total losses for the first six months of 2025 have already exceeded the $2.42 billion recorded in 2024. After adjusting for returned and frozen funds, net losses reached $2.29 billion. Two major incidents, the Bybit hack and the cetus protocol exploit, accounted for 72% of the damage. Q1 saw $1.67 billion in losses, more than double Q2’s $801 million. Phishing was the most common attack in Q2, causing $395 million in losses. Code vulnerabilities and access control issues also contributed substantially.
Ethereum was the most targeted, losing over $1.58 billion. Bitcoin lost $373 million. Notably, $187 million in stolen funds were returned, reducing the adjusted total to $2.28 billion. The Bybit hack and Cetus protocol exploit were the biggest hits.
Phishing was the most widespread attack in Q2, with $395 million lost.Smart contract flaws, infrastructure breaches, and compromised wallets were other major issues.TRM labs estimated $2.1 billion in losses, mostly due to private key thefts and front-end hijacks.
- Wallet compromises were the biggest issue, totaling $1.7 billion.
- Phishing attacks siphoned $410 million.
- Code vulnerabilities led to $283 million in damages.
While the pace of attacks slowed in Q2, several high-value breaches still occurred. These included the $225.6 million Cetus exploit and the $89.1 million Nobitex hack.
These incidents highlight the need for better security measures. Users should stay vigilant and use secure wallets and strong passwords. Staying informed about the latest crypto news.
