Crypto Losses Reach $3.4B in 2025: Chainalysis
Crypto losses hit $3.4 billion in 2025—highest since 2022—mainly due to three major hacks, with Bybit’s $1.4 billion breach alone representing a significant share. Large-scale attacks accounted for 69% of all losses, but individual wallet hacks remained prevalent, making up roughly 20% of cases; excluding Bybit, this figure would rise to 37%. Despite rising wallet incidents, the total amount stolen from individuals dropped to $713 million from $1.5 billion in 2024. DeFi protocols have improved security measures, helping keep losses low even as total value locked rebounded above $119 billion, bucking the historical trend of increased hacks alongside market gains. North Korean hacking groups stole $2.02 billion, focusing on fewer yet higher-valued attacks and using tactics like infiltrating crypto firms as IT workers. Attack strategies across the industry have grown more sophisticated, with ongoing adaptation by both attackers and defenders.
