$2.1B Lost in Crypto Seed Phrase & Front-End Attacks: TRM Labs
The blockchain intelligence company TRM Labs has stated in its reports that in the first half of the year 2025, crypto hacks have increased. The hackers have stolen approximately $2.1 billion worth of cryptocurrency from different crypto firms.
This surpasses the previous record set in 2022 and is nearly equal to the total losses recorded throughout 2024.
More than 80% of the total crypto thefts in H1 2025 came from just 75 attacks that specifically targeted the core infrastructure of crypto platforms. These included stealing private keys or deceiving users through phishing websites and fraudulent messages.
According to TRM Labs, these attacks were ten times more effective than other hacking techniques. They often relied on social…
