$3.1 billion lost in crypto hacks in 2025

$3.1B

7/24/25

A stunning $3.1 billion in crypto has been lost just in the first half of 2025, from “smart-contract bugs, access-control oversights, rug pulls and scams due to phishing and social engineering,” a new Hacken report found.

“2025 has been a wake-up call,” Yevheniia Broshevan, Hacken cofounder and CBDO, said in the report.

The Bybit hack caused the exchange to lose nearly $1.5 billion from its ethereum wallet alone, “but even without it projects suffered heavy hits across the board, and the mix of loss types hasn’t shifted dramatically from past patterns of 2024,” the report added.

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Sage D. Young9/8/25

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