How Losses In Crypto Security Incidents In Q1 2025 Increased 96% Y/Y
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Losses in crypto security incidents in Q1 nearly doubled compared to Q1 2024.
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A continued dominance of so-called access control attacks has raised concerns.
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Behind Q1’s alarming hack numbers, there was at least one positive trend.
The cryptocurrency industry is no stranger to hacks and scams, but Q1 was particularly rough, and that might be putting it mildly.
$2 billion.
That’s how much was lost in crypto security incidents in Q1, according to a Tuesday security report from Web3 security outfit Hacken. For context, the figure represents a 96% increase over what the industry lost in Q1 2024 and is almost equivalent to the $2.25 billion lost in the whole of 2024.
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Of the $2 billion lost in Q1, over $1.6…
