Crypto Hacks: Unprecedented Losses in H1 2025 Reveal Alarming Security Gaps

Key Points

1. H1 2025 crypto hacks resulted in $2.17 billion stolen, surpassing the total losses of 2024.

2. The Bybit attack in February 2025 alone accounted for $1.5 billion, demonstrating vulnerabilities in both centralized and decentralized platforms.

3. North Korea's Lazarus Group is implicated in many high-profile hacks, using sophisticated methods like supply chain attacks and zero-day exploits.

4. Despite security advancements, crypto platforms remain vulnerable due to rapid innovation outpacing security measures and human errors.

5. Recommendations for protection include diversifying holdings, using hardware wallets, enabling multi-factor authentication, and platforms implementing bug bounty programs and regular security audits.