In July 2025, three major crypto exchanges, Bybit, BigONE, and CoinDCX, suffered significant hacks that led to millions of dollars in cryptocurrency losses. However, the exchanges assured their clients that their funds remained secure.
Bybit's Losses from the Hack
The July 2025 breaches resulted in total losses exceeding $1.5 billion across these exchanges. Reportedly, Bybit lost $1.5 billion, BigONE lost $27 million, and CoinDCX was compromised for $44 million. In response to the incidents, exchanges implemented enhanced security measures and began compensating affected users.
Bitcoin and Ethereum Prices Drop After the Hacks
These incidents caused notable market disruptions, leading to declines in Bitcoin and Ethereum prices. Exchanges vowed to protect users by strengthening security measures and ensuring no user funds were lost. The financial implications remain significant as exchanges seek to recover liquidity without selling market assets.
2025 Crypto Hacks Surpassing 2024 Incidents
The recent events highlight the ongoing threat posed by hacking incidents on centralized exchanges. Analysts suggest that hacking incidents in 2025 are on track to exceed those in 2024. Experts recommend adopting stringent wallet security and enhancing infrastructure. Historical trends indicate that exchanges prioritize rebuilding user trust through immediate compensation and resilience-building.
These incidents underscore the necessity for heightened security for crypto exchanges. Despite the losses, exchanges like Bybit, BigONE, and CoinDCX remain committed to ensuring the safety of user assets and actively addressing user concerns.
