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Crypto Hacks in H1 2025 Exceed $2.2 Billion
The first half of the year has brought a staggering total loss of over $2.2 billion to the cryptocurrency industry due to hacks, scams, and security breaches. The alarming trend is a stark reminder of the pressing need for stronger security practices within the crypto space.
According to recent data released by CertiK, a Web3 security report highlights 344 on-chain incidents between January and June. Shockingly, wallet breaches accounted for an astonishing $1.7 billion in just 34 cases, while phishing scams caused $410 million across 132 incidents.
One of the most significant exploits occurred in February when Bybit lost $1.5 billion in a wallet breach involving staked ETH. In May, Cetus Protocol was exploited for $225 million via a smart contract bug, although $162 million was later recovered by Sui validators.
Ethereum, unfortunately, emerges as the blockchain that has been targeted most, with 175 incidents resulting in losses of $1.6 billion. Smart contract vulnerabilities alone caused $229 million in May, marking an increase from just $5 million in April. CertiK also reported a spike in physical attacks, including 32 cases involving violence, kidnappings, and ransom attempts.
France was the country that saw the most incidents, including an attempted kidnapping involving the family of Paymium’s CEO.
Source: coinpedia.org
