Cybercrime in cryptocurrency reached unprecedented levels in the first half of 2025, with more than $2.47 billion lost. This raises concerns about platform security and reliability.
Overall Losses in the Crypto Industry
According to CertiK, over $2.47 billion was stolen in cryptocurrency during the first half of 2025. This figure already exceeds the total amount hacked in 2024, marking a significant increase in cyber incidents.
Attention on Ethereum
Ethereum was the primary target with 175 attacks leading to losses of $1.63 billion. As a result, leadership from platforms has faced scrutiny over systemic vulnerabilities and security lapses.
Security Prospects and Improvements
The rising losses have sparked discussions on security measures within the cryptocurrency industry. Projects focused on Ethereum are strengthening defenses. Noteworthy incidents include wallet compromises and phishing attacks, causing losses of $1.7 billion and $410 million, respectively. Significant incidents like the Bybit hack in January 2025 underline the need for enhanced security measures.
CITE_W_A: "As long as there’s a weak point or some vulnerabilities out there, sooner or later they will be discovered by these attackers. So it’s an endless war." — Ronghui Gu, Co-Founder, CertiK.
The increase in thefts emphasizes the necessity for enhanced security in the cryptocurrency industry. It is anticipated that further steps will be taken to protect users and reduce the volatility of digital assets.
