In the first half of 2025, 119 incidents of theft occurred in the cryptocurrency industry, resulting in over $3 billion stolen. Centralized exchanges are highlighted as the main security issue.
Overview of Crypto Theft
According to Global Ledger, more than $3 billion was stolen through 119 crypto hacks in H1 2025. Centralized exchanges (CEXs) were prime targets for cybercriminals.
Impact on Users and Exchanges
As a result of the attacks, many users of affected exchanges suffered significant financial losses. The laundering of stolen funds was remarkably swift, starting just seconds after the breaches. The recovery of only 4.2% of stolen funds shows severe financial implications for all stakeholders.
Security Analysis and Recommendations
The rapid pace of laundering activities exposed weaknesses in current AML systems. There is an increasing need for technological enhancements and stricter regulatory measures. The report suggests potential shifts toward updated regulatory frameworks to fortify current defenses in the crypto industry.
The cryptocurrency industry faces serious challenges in security, especially for centralized exchanges that must enhance their protective measures to restore user trust.
