Record-Breaking Crypto Hacks in 2025 Exceed $2.72 Billion
- Total crypto hack losses in 2025 amounted to over $2.72 billion, surpassing the previous year’s record.
- The largest exploit occurred in February when Bybit lost up to $1.5 billion, allegedly due to North Korean hackers.
- Coinbase faced a data breach in May, potentially costing the firm up to $400 million despite no direct theft of funds.
- In May, Cetus Protocol suffered a $223 million loss but managed to recover around $162 million.
- Iran’s largest exchange, Nobitex, was hit for $90 million by a pro-Israeli hacker group in June.
- South Korean exchange Upbit lost approximately $36 million from its Solana hot wallet in November, with North Korean actors suspected once again.
The year saw unprecedented losses due to crypto hacks, with organized and sophisticated attacks targeting both centralized exchanges and DeFi platforms globally. The Bybit breach set a new record for the largest single exploit ever recorded in the sector.
These incidents highlight the increasing threat posed by state-sponsored hacking groups and underline the urgent need for enhanced security measures across the cryptocurrency ecosystem (Source).
