CertiK Reports $1.67 Billion in Crypto Hacks During Q1 2025

CertiK reported that hackers stole $1.67 billion in cryptocurrency during Q1 2025, marking a 303% increase from the previous quarter. This amount represents two-thirds of total thefts for 2024.

Key points include:

The majority of Q1 losses stemmed from the $1.45 billion Bybit hack.
CertiK analyzed 197 hacking incidents in Q1, with 98 occurring on Ethereum.
Other significant hacks included a $71 million incident at Phemex and a $49.5 million exploit at Infini.
Phishing attacks were the most common, accounting for 81 incidents; there were also 15 private key compromises.
Only 0.38% of stolen funds were recovered in Q1, down from 42.09% in the previous quarter, with no recoveries in February.