Crypto Sector Lost $3.1 Billion to Hacks in Q1 2025, Says Hacken Report
The cryptocurrency industry has witnessed over $3.1 billion in losses during the first half of 2025, already surpassing the total for all of 2024.
According to a report published by blockchain security firm Hacken, the figure reflects persistent systemic vulnerabilities across both decentralized and centralized finance platforms, driven by outdated codebases, access-control flaws, and the growing complexity introduced by artificial intelligence integrations.
Access-control exploits remain the leading cause of financial damage, contributing roughly 59% of the total losses, while smart-contract bugs accounted for around $273 million.
Although the $1.5 billion Bybit incident in February stands out as a major event, it does not obscure the…
