According to TRM Labs, cyber attacks in the crypto industry resulted in a loss of approximately $2.1 billion in the first half of 2025. The majority of these losses are associated with infrastructure attacks on crypto systems.
Cyber Attacks as a Major Threat
TRM Labs' report noted that thefts corresponding to cryptocurrencies occurred in 75 incidents, most of which targeted the technical foundations of crypto systems.
Exploits such as private key thefts, seed phrase compromises, and front-end hijacks accounted for over 80% of all stolen funds. On average, such attacks yielded 10 times more value than other methods.
Major Incidents of the Half-Year
The largest incident this year was the $1.5 billion theft from the Bybit exchange in February, accounting for nearly 70% of total losses for the year. This hack was attributed to North Korean hackers.
Another notable attack was the June breach of Iran's largest crypto exchange, Nobitex, by the hacker group Gonjeshke Darande, in which over $90 million was stolen and transferred to unspendable addresses.
Need for Enhanced Security
TRM Labs emphasized that state-sponsored crypto attacks now constitute the bulk of global losses. Given the rising geopolitical motives, the firm urges the industry to enhance security measures: using multi-factor authentication, storing funds in cold wallets, and regularly conducting security audits.
Given the rise in losses and increasing threats, it is crucial for the crypto industry to improve its security and protections against attacks to counteract malefactors.
