- More than $1.5bn of crypto was lost to scams and theft in Q1 2025, report says
- Most of the funds were lost in the ByBit hack
- Wallet compromise is the most common way people lose their crypto
When it comes to scams and theft, crypto hasn’t had a great year so far. Just in the first quarter of the year, hackers stole more than $1.67 billion across 197 security incidents. This is according to a new report published by blockchain cybersecurity pros CertiK.
The Q1 2025 Hack3d Report says the figure represents a 303.38% increase in value compared to the previous quarter. Across the industry, the average loss per incident was $9,549,339, CertiK further said, while the median loss per incident was $66,303.
The total value of funds returned was…
