Crypto Hacks 2025: $2.1B Gone in Just Six Months—And It’s Getting Worse
A new report from TRM Labs shows that crypto hacks 2025 are breaking all previous records, with a massive $2.1 billion in crypto assets already stolen by June. That’s more than any year in crypto history—except 2022—and nearly matches all of 2024 in just half the time.
- 75 Attacks, 80% of the Damage
Out of hundreds of incidents, just 75 high-impact attacks were responsible for over 80% of the losses. These weren’t your average rug pulls—hackers went straight for seed phrases, front-end interfaces, and core platform infrastructure. - Social Engineering: Hacker’s Favorite Weapon
Forget brute force. TRM Labs found that social engineering—basically tricking users into giving up keys or signing malicious transactions—was 10x more effective than other activities. Fake sites, pop-ups, and cloned UIs are the new norm. - Flash Loans and Re-Entrancy Still Hurt
While not as common, protocol-level attacks using smart contract loopholes still accounted for about 12% of losses. Techniques like flash loan abuse and re-entrancy bugs continue to hurt even experienced DeFi projects. - State-Sponsored Hacks Rise
North Korea’s alleged $1.5 billion exploit of Bybit in February made up nearly 70% of all losses. Combined with a recent $100 million activities tied to a suspected Israeli group, TRM Labs warns that nation-backed attacks are not just real—they’re escalating.
Quick Take:
Crypto hacks 2025 are the most intense the industry has ever seen. With an average of $30 million per breach, TRM’s report is a wake-up call for protocols, exchanges, and users alike. The crypto space needs stronger security, better user education, and faster incident response—or 2025 could easily become the most damaging year in Web3 history.
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