Crypto sector still facing massive security issue – The Armchair Trader
The string of major cryptocurrency hacks between January 1 and March 31 has already positioned 2025 to become one of the industry’s most damaging years on record in terms of theft. This remains a major drag on cryptocurrency adoption by larger institutions and is a risk crypto investors have to remain vigilant about.
Finbold’s Q1 2025 Cryptocurrency Market Report has found that as much as $1.77 billion was stolen from the community in the three-month period ending 31 March. In contrast, $1.38 billion was drained in the first six months of 2024, and attackers took a significantly lower $452 million in the first quarter of 2023.
The three biggest Q1 hacks saw the theft of $1.65 billion in crypto. The biggest attack of Q1 2025 was the…
