news 
Crypto Hacks Surge in 2025: $2.1 Billion Stolen in Just 6 Months
The crypto industry is reeling from a massive surge in hacks, with a staggering $2.1 billion stolen in just six months of the year. According to a recent report by TRM Labs, this marks a 50% increase from previous years, highlighting the dire need for robust security frameworks across the industry.
As TRM Labs highlighted, infrastructure attacks – including private key thefts, seed phrase breaches, and front-end hijacks – accounted for over 80% of stolen funds. These attacks were often ten times larger than other exploit types and typically enabled by social engineering or insider access. “These breaches expose critical weaknesses at the foundation of crypto security,” said TRM Labs.
Perhaps more concerning is the involvement of state actors, such as North Korea, which has been linked to a staggering $1.6 billion in stolen crypto this year – approximately 70% of the total. It appears that these nation-states are exploiting crypto markets to evade international sanctions, making them one of the most dangerous state actors in the digital asset space.
In another shocking case, Nobitex, an Iranian exchange, lost a massive $100 million in crypto during a coordinated attack in June 2025. Investigations revealed that the hack was led by Israeli cybercriminal Gonjeshke Darande, highlighting how geopolitical tensions are now directly impacting crypto security.
As the number of hacks continues to rise, TRM Labs has outlined several key steps for companies to combat these growing threats:
1. Cold storage for user funds
2. Multi-factor authentication (MFA)
3. Regular security audits
4. Insider threat detection systems
5. Social engineering countermeasures
6. Transparent communication with users
It is imperative that crypto companies take immediate action to implement robust security measures and protect their users’ assets. The global crypto ecosystem is under significant pressure, and it’s no longer optional but essential.
Source: coinpedia.org
