Crypto Hacks Decline In Q2 As First Half Losses Hit $2.5B
Losses from crypto hacks, exploits, and scams reached $2.47 billion in the first half of 2025, with Q2 showing a decline to over $800 million lost across 144 incidents, a 52% decrease from Q1. The adjusted total loss, accounting for over $187 million returned, is approximately $2.2 billion. Two major incidents, involving Bybit and Cetus Protocol, accounted for $1.78 billion of the losses. Phishing attacks surged, resulting in 132 incidents and $410 million stolen, while wallet compromises were the most costly, totaling over $1.7 billion across 34 incidents. Ethereum was targeted in 70 hacks, scams, and exploits. Regulatory developments in the US and Hong Kong signal a maturing crypto environment, emphasizing the need for rigorous security standards as institutional interest grows.
