Investors Have Lost Nearly $2.5B on Crypto Scams, Hacks So Far in 2025: Report
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"Wallet compromise" and phishing were the two most common types of cryptocurrency hacks in the first half of 2025Key Takeaways
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Crypto scams and hacks cost investors some $2.5 billion in the first half of this year, a quarterly report from security firm Certik found.
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The company noted that two large incidents were responsible for about $1.78 billion of the total.
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Wallet compromise and phishing were the two most common forms for hackers and scammers to steal funds, the report found.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.Cryptocurrency hacks and scams cost nvestors just shy of $2.5 billion in the first half of 2025, according to a new report.
Blockchain security company Certik reported Monday that 144 hacking or scam incidents occurred in the second quarter of this year, bringing the year-to-date total to 344, with a dollar value of $2.47 billion.
After accounting for assets that were eventually returned or frozen by trading platforms, the total is a slightly lower $2.29 billion, up from the $1.98 billion that Certik estimated was stolen last year.
Certik reported that the majority of funds were stolen by compromising crypto wallets, at $1.71 billion, while another $410.75 million was stolen through phishing attacks.
Two incidents accounted for nearly $1.8 billion of this year's losses, Certik noted in its report. In one,hackers in North Korea stole roughly $1.5 billion in assets from Bybit, one of the world's largest exchanges. The other was a $220 million theft from Cetus.
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The report revealing that investors have suffered a staggering loss of nearly $2.5 billion due to crypto scams and hacks thus far in ✖️ f(x) year underscores the dire need for enhanced security measures, awareness campaigns among users & stricter regulations within this rapidly evolving market.
Crypto-related scams and hacks in 2015 have cost investors nearly $3B—prompting a urgent need for enhanced security measures, education on digital asset safety practices to protect the vulnerable from fraud.
The disheartening report revealing investors have already suffered nearly $2.5 billion in losses from crypto scams and hacks this year, serves as a stern reminder of the importance for both industry players to step up security measures despite technological advancements.
