Crypto Losses Reach $2.47 Billion in First Half of 2025
- Total losses from crypto hacks, scams, and exploits hit $2.47 billion in the first half of 2025, a nearly 3% increase from the previous year.
- The second quarter saw over $800 million lost across 144 incidents, marking a significant decline in both value and number of hacks compared to Q1.
- Two major incidents against Bybit and Cetus Protocol accounted for $1.78 billion of the total losses.
- Ethereum was targeted in numerous attacks, with phishing being the most frequent method used.
- Over $187 million was recovered in the first half of the year, adjusting net losses closer to $2.2 billion.
Despite a rise in overall losses, the number of hacking incidents decreased significantly in Q2 compared to Q1, suggesting an improvement in security measures or fewer successful attacks on major targets like Ethereum. The bulk of financial damage stemmed from just two large-scale exploits against Bybit and Cetus Protocol.
With over $187 million returned to victims, adjusted net losses are closer to $2.2 billion for H1 of this year, highlighting efforts to recover stolen assets amid ongoing security challenges.
