Over $1.77 billion stolen in crypto hacks in Q1 2025, Bybit sees largest loss: Report
A singular attack accounted for nearly 85 percent of all the value stolen in the quarter
2025 has kicked off with a series of crypto hacks, raising major concerns about the impact of digital asset theft. More than $1.77 billion was stolen in the first quarter of the year, according to Finbold’s Q1 2025 Cryptocurrency Market Report.
“The $1.77 billion reported in crypto hacking incidents during Q1 2025 only reflects publicly known cases. In reality, the total value lost is likely much higher, as many breaches go unreported or don’t disclose the full extent of financial damage. At this pace, 2025 is on track to become a record-breaking year for crypto-related security breaches,” stated Jordan Major and Diana Paluteder, co-authors…
