- It’s the worst start to the year ever for hacks and exploits.
- Infrastructure attacks account for the most losses.
- Some exploited DeFi protocols never recover.
Despite money spent on audits, war rooms, and white-hat bounties, cybercriminals still ransacked the crypto industry for $2.1 billion in the first half of 2025.
That’s according to TRM Labs, a blockchain forensics company, in a report on Friday.
The losses mark the worst start to any year in crypto’s history and mark a 10% jump from the previous record in 2022.
The vast majority of this year’s figure comes from the $1.4 billion stolen from crypto exchange Bybit by hackers linked to North Korea in February.
Indeed, hacks targeting backend systems to access wallet keys and…
