H1 2025 Crypto Losses Outpace 2024; CertiK Counts 344 Onchain Heists, $187M Recovered
2025-06-30 22:03:32
Main Idea
CertiK's report reveals that crypto losses in the first half of 2025 surpassed 2024, with $2.47 billion lost due to hacks, scams, and security breaches, driven by major incidents like Bybit and Cetus Protocol.
Key Points
1. Crypto losses in H1 2025 totaled $2.47 billion, exceeding all of 2024's losses, with $801M lost in Q2 alone.
2. Two major incidents—Bybit ($1.5B) and Cetus Protocol ($225M)—accounted for $1.78B of the total losses.
3. Phishing and wallet compromises were the dominant threats, with phishing scams causing over $410M in losses.
4. $187M was recovered, bringing the net loss to around $2.29B.
5. May 2025 saw a surge in code flaw-related losses ($229M) and 'wrench attacks' (physical kidnappings for crypto ransoms), with 32 reported globally.
Description
Crypto investors lost more than $2.2 billion to hacks, scams, and security breaches in the first half of 2025, according to a new report by blockchain security firm CertiK. The firm’s “Hack3d: Web3 Security Report for Q2 + H1 2025” outlines a shifting threat environment, with wallet compromises and phishing attacks leading the pack. Wallet Breaches, Phishing Scams Push Crypto Losses in First Half of 2025 According to the report, between January and June, a total of $2.47 billion was lost across ...
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