🚨 Crypto Security Losses Explode in 2025 – $3.1B Gone in 6 Months 🚨
The first half of 2025 has already rewritten the record books for crypto security breaches — and not in a good way. According to blockchain security firm Hacken, a staggering $3.1 billion has been lost to hacks, scams, and exploits so far this year, already eclipsing the $2.85 billion lost in all of 2024. The biggest culprit? Access-control vulnerabilities, which accounted for nearly 59% of all losses. Smart-contract flaws, while smaller, still burned projects for $263 million (around 8% of the total).
Hacken’s Yehor Rudytsia warns that outdated codebases — like the vulnerable GMX v1 — are becoming hacker magnets. But there’s a darker twist: attackers are evolving, shifting from pure code exploits to human-targeted strikes like phishing, private key leaks, and social engineering. In total, $1.83B vanished from both DeFi and CeFi platforms, with jaw-dropping incidents like the Cetus hack — which siphoned off $223M in just 15 minutes — serving as brutal reminders of the stakes. And now, AI-driven attacks are on the rise, signaling a new frontier in crypto crime and an urgent need for next-gen security defenses.
