The first half of 2025 saw unprecedented levels of cyberattacks on crypto assets, with losses totaling $2.1 billion. The primary causes stem from private key compromises and interface vulnerabilities.
Rise of Cyberattacks and Contributing Factors
According to TRM Labs, cyberattacks on cryptocurrency assets surged, leading to losses of $2.1 billion in the first half of 2025. Over 80% of the theft occurred due to private key compromises and interface vulnerabilities. These attacking methods, leveraging social engineering, proved particularly devastating, averaging losses of nearly $30 million per incident. One of the largest attacks targeted Bybit exchange in Dubai and amounted to $1.5 billion.
DeFi Theft and Cybercrime
In the DeFi sector, multiple incidents are occurring. For instance, the Resupply protocol confirmed a breach resulting in a loss of $9.6 million due to price manipulation involving synthetic assets. This highlights the growing attention to additional attacks such as social engineering and exploiting vulnerabilities in smart contracts.
UK Hacker Indicted for Selling Stolen Data
British hacker Kai West was indicted in the US for selling stolen data, causing over $25 million in damages. His activities encompass hacking groups and illegal sales of personal information on forums, emphasizing the high degree of organized cybercrime.
The rise in cyberattacks and incidents in the crypto space in 2025 underscores the need for enhanced security measures and international cooperation in data protection and investigations.
