Despite maturing to the point of becoming a multi-trillion-dollar asset class, the crypto world is still ripe with hacks and scams. In fact, the worst one ever just happened.
Malicious actors looking to take advantage of inexperienced users or insecure crypto protocols have found ample opportunity, siphoning off more than $10 billion in funds in the last 5 years according to Chainalysis. And six out of the last 11 years have seen over $1 billion worth of losses to hacks and exploits, peaking in 2022 with $3.7 billion worth.
And 2025 is off to a rough start on that front, with this year’s stolen funds nearly matching 2024’s full-year total thanks to one massive centralized exchange hack. That attack currently leads the list of the…
Apr 20 2025
