In the first half of 2025, hackers stole $2.1 billion in crypto, with over 80% of the losses stemming from infrastructure attacks — including theft of private keys, seed phrases, and frontend hacks.

The largest incident was the $1.5 billion breach of Bybit, which analysts attribute to North Korea.

The report also mentions the June hack of the Iranian exchange Nobitex, during which $90 million was "burned".