Over $2.1 Billion Lost in 75 Crypto Hacks During H1 2025
TRM Labs reported that crypto hacks in H1 2025 amounted to over $2.1 billion across at least 75 incidents.
The Bybit hack in February accounted for $1.5 billion, about 70% of the total losses, marking a record for first-half thefts.
Key Findings
- 75 incidents resulted in losses exceeding $2.1 billion.
- April saw 18 major hacks, with approximately $357.11 million stolen.
- 80% of losses were due to infrastructure breaches.
The sophistication of cybercriminals is increasing. The Bybit attackers used a "musked" transaction method to deceive security measures by mimicking legitimate transactions.
Another significant incident involved a breach of TRON DAO’s X account, leading to unauthorized access and communication with users.
Bybit Hack Investigation
The FBI traced the Bybit hack to the North Korean Lazarus Group, which laundered stolen assets using crypto mixers. By March, all stolen 499,000 Ethereum was laundered within 10 days.
Approximately 68.5% of the stolen funds, or around $960 million, remain traceable, while 27.5%, worth over $386 million, have been lost to tracking.