According to a report by Hacken, losses in the crypto sector have already exceeded $3.1 billion in 2025, surpassing the total for 2024.
Overall Losses in the Crypto Sector
The report indicates that losses in the current year have already surpassed $3.1 billion, while in 2024 they totaled $2.85 billion. A major contributor to these losses was the Bybit hack in February, costing users $1.5 billion.
Causes of Losses and Key Vulnerabilities
Hacken notes that most losses arise from access-control issues, which account for 59% of the total losses. Vulnerabilities in smart contracts contribute about $263 million in losses. "Projects need to care about their legacy codebase if it’s still in use," said Yehor Rudytsia, head of forensics at Hacken.
Impact of AI Technologies on Security
The adoption of AI in Web3 projects has led to a 1,025% increase in attacks compared to last year. Hacken reports that 34% of Web3 projects are now using AI in their production environments. Security standards need to evolve to address unique security concerns tied to AI.
The Hacken report emphasizes the need for enhanced security measures in the crypto industry, especially in light of the growing use of AI and ongoing attacks on systems.
