Crypto Thefts Soar To $2 Billion In 2025, Breaking Records And Trust–Report

Key Points

1. Crypto theft hit $2.1 billion in H1 2025 across 75 hacks, surpassing the previous H1 2022 record by 10%.

2. The largest single theft was a $1.5 billion breach at Dubai-based Bybit exchange, accounting for nearly 70% of total losses.

3. North Korea-linked groups were behind approximately $1.6 billion (70%) of stolen funds, while Iran's Nobitex exchange suffered a $90 million hack linked to Israel-affiliated Predatory Sparrow.

4. Infrastructure hacks (private-key thefts, insider jobs, front-end attacks) made up over 80% of stolen funds, while smart contract exploits accounted for 12%.

5. The rise in state-backed thefts highlights the need for stronger security measures and faster threat intelligence sharing among firms.