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>>According to a Finbold report, crypto hacks siphoned off $2.78 billion in 2025.

According to a Finbold report, crypto hacks siphoned off $2.78 billion in 2025.

crypthub

1 day ago

Overall Impact

Crypto hacks stole $2.78 billion in 2025, making the year one of the costliest on record. Losses were heavily concentrated in the first half of the year and fell sharply after mid‑2025. The downward trend suggests the market faced early shocks but later stabilized.

Bybit Breach Dominates

The Bybit hack accounted for $1.5 billion, more than half of all stolen funds. The breach resulted from a wallet compromise, highlighting ongoing custody and key‑management risks. Centralized wallet failures now dwarf smart‑contract exploits in financial impact.

Quarterly Trend and Other Incidents

Beyond Bybit, attacks on Cetus, Balancer V2, LIBRA and Nobitex made up the remaining losses. Q1 losses reached $1.78 billion, dropping to $465 million in Q2, $300 million in Q3, and under $230 million in Q4. This front‑loaded pattern shows that high‑impact breaches were early, with fewer exploits later.

Security Improvements

Wallet compromises remained the most damaging vector, despite stronger smart‑contract audits. The muted Q4 figures point to better security practices, cautious capital deployment, and reduced value concentration. Industry analysts view the year as a shift toward tighter controls rather than escalating cybercrime.

According to a Finbold report, crypto hacks siphoned off $2.78 billion in 2025.

Overall Impact

Bybit Breach Dominates

Quarterly Trend and Other Incidents

Security Improvements

According to a Finbold report, crypto hacks siphoned off $2.78 billion in 2025.