- Q1 2025 saw $1.63 billion in crypto hacks, a 131% YoY increase.
- Bybit exploit accounted for over 92% of total losses in February.
- March saw a sharp drop, with stolen assets down 97% from February.
The staggering rise in crypto hacks in Q1 2025 highlights growing vulnerabilities in digital assets. With over $1.6 billion lost, the Bybit exploit remains the most significant breach, forcing exchanges and DeFi platforms to rethink security protocols.
Despite the alarming surge, March’s sharp decline in stolen assets suggests enhanced security measures or hacker slowdowns. Some funds were recovered, but the massive year-over-year increase raises concerns over industry resilience against cyber threats.
Crypto Breaches Hit Record High: $1.6 Billion Stolen in Q1 2025
The crypto industry witnessed one of its worst quarters in history, with over $1.63 billion stolen in hacks. The Bybit exploit in February alone accounted for $1.53 billion, making it one of the largest crypto heists ever recorded. Other attacks on Infini and zkLend added to the losses.
January saw relatively moderate losses of $87 million, but February’s unprecedented theft sent shockwaves through the industry. By March, crypto-related hacks declined significantly to $33 million, indicating a shift in hacker activity or increased security responses.
PeckShield’s report revealed a staggering 131% year-over-year rise in crypto hacks, signaling growing threats. Compared to Q1 2024, which saw $706 million in losses, the scale of cyber theft in 2025 suggests attackers are becoming more sophisticated.
The sharp rise in hacks may prompt regulators and exchanges to tighten security protocols. Enhanced monitoring and blockchain forensics could play a critical role in preventing future large-scale breaches.
The surge in crypto hacks in early 2025 underscores the urgent need for stronger security measures and regulatory oversight. As hackers evolve, so must the industry’s defenses.
“Security used to be an afterthought, but now it must be a priority.” – Vitalik Buterin
