According to a report by Swiss blockchain analytics firm Global Ledger, over $3 billion was lost in crypto hacks in H1 2025, primarily targeting centralized exchanges.
Overview of Losses
Global Ledger reports that $3.01 billion was lost in crypto hacks during H1 2025, highlighting significant security vulnerabilities within crypto systems.
Attacks on Centralized Exchanges
Most attacks targeted centralized exchanges (CEXs) like Binance and Coinbase, indicating systemic weaknesses in anti-money laundering (AML) controls. Thieves rapidly laundered stolen funds, with 23% laundered before public disclosure.
Required Security Measures
The report emphasizes that only 4.2% of stolen funds were recovered, indicating the need for enhanced technology and regulatory frameworks to protect users and their assets.
The substantial financial losses caused by crypto hacks underline the urgent need for enhanced security measures at exchanges to maintain user trust in digital finance.
