Halfway through 2025, the crypto industry has already suffered over $3.1 billion in losses from hacks, scams, and exploitations.<\/p>\n
According to Hacken\u2019s latest report, this year has emerged as one of the most damaging in recent memory.<\/p>\n
The latest figure surpasses last year\u2019s $2.85 billion by over 6%, as security lapses across the sector continue. In a statement, Hacken Co-Founder and CBDO Yevheniia Broshevan said<\/a>,<\/p>\n \u201c2025 has been a wake-up call. In just two quarters, $3.1 billion was lost to access control failures, DeFi vulnerabilities, and social engineering. As blockchain reaches enterprise scale and regulations advance, cybersecurity becomes a core business function. Projects that invest in resilience and security build trust, meet compliance, and protect digital innovation.\u201d<\/p>\n The single largest incident was the Q1 Bybit hack, where attackers drained<\/a> nearly $1.5 billion. The incident alone accounted for 83% of Q1\u2019s total losses and highlighted the catastrophic risks tied to compromised access control systems.<\/p>\n In total, access-control exploits dominated the landscape and were responsible for about 59% of all funds lost, approximately $1.83 billion, across DeFi and CeFi platforms.<\/p>\n DeFi suffered its worst quarter since early 2023, with $300 million drained in Q2 alone. Smart contract flaws played a crucial role, as this cohort accounted for 8% of total crypto losses and led to $263 million stolen, including $223 million in the major Cetus exploit this year.<\/p>\n Phishing and social-engineering scams also surged to new records. In fact, a single incident in April saw a victim lose $330 million in Bitcoin after being tricked, while phone-based scams mimicking Coinbase support drained over $100 million following a contact data leak.<\/p>\n While Q1 was marred by large-scale access control failures, Q2 was comparatively quieter. The period witnessed under $200 million lost to similar exploits, yet several high-profile incidents showed how a single overpowered role or leaked key can enable attackers to drain systems within minutes.<\/p>\n The post $3.1 Billion in Crypto Lost in 2025\u2019s Painful First Half: Hacken<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Halfway through 2025, the crypto industry has already suffered over $3.1 billion in losses from hacks, scams, and exploitations. According to Hacken\u2019s latest report, this year has emerged as one of the most damaging in recent memory. Access-Control Exploits Dominate Losses The latest figure surpasses last year\u2019s $2.85 billion by over 6%, as security lapses […]<\/p>\n","protected":false},"author":0,"featured_media":84146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}DeFi Suffers Worst Quarter Since 2023<\/h2>\n