A most recent report by Certik, Hack3d notes that wallets accounted for most significantly with a total loss exceeding $1.7 billion in 34 different incidents, closely followed by phishing attacks which resulted in losses around $410 million in 132 incidents.
The Q2 + H1 2025 Hack3d Report is here.$2.47B lost in the first half of the year.$801M lost in Q2 alone.Phishing and wallet compromise dominated the threat landscape.Dive into the data pic.twitter.com/Sxa6AGejGK
— CertiK (@CertiK) June 30, 2025
The report shared by Certik to a crypto media outlet notes that the crypto market lost nearly $283 million in 114 different cases, yet the total losses mirrored by the wider market in the 1st six months of this year have surpassed $2.4 billion.
It is worth noting that exit scams and price manipulation were relatively less, but collectively lost $20 million; however, the losses from the access control exploit were around $42 million.
The adjusted total losses in the first six months are $2.29 billion, which is more than $1.98 billion in the previous year.
The crypto market lost around 72% in only two incidents
Certik report highlights that $1.98 billion has been solely lost in two incidents, including that of Bybit, which occurred in the first quarter, and Cetus, which was drained in the second quarter.
Noteworthy is that the losses in Q2, 2025, are $801 million, but the losses recorded in the first quarter of this year are around double at $1.67 billion.
In 52 different incidents, the crypto market lost $395 million to phishing scams in the second quarter of 2025. The wallet compromised remains most significant in the Q1, 2025, and has lost $112 million in 9 different cases in the Q2, 2025.
The hack of Bybit, the centralized cryptocurrency exchange, remains one of the most prominent incidents that resulted in the most severe losses to date.
Certik found that the Ethereum chain remains one of the most troubled with a total losses of $1.58 billion facing 164 incidents.
From the total lost amount around $187 million has been recovered in the 1st quarter and the recovered amount in Q2 is $180 million.
The most recent hack in the crypto market
In June this year, it was reported that Nobitex, a known crypto exchange in Iran, was hacked for $90 million in cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Following the attack, it was claimed that the loot event was backed by a pro-Israel hacking group.
Coinbase, one of the largest centralized exchanges, faced a cyberattack costing $180 million and $400 million, yet blockchain analytics firms found that hackers paid overseas employees for account data, including names, addresses, and email addresses.
Abaracadabra(dot)Money was exploited for $13 million, with hackers stealing $13 million. The hack occurred due to a vulnerability in the protocol’s infrastructure.
On March 07, 2025, 1inch lost $5 million due to a vulnerability in its fusion v1 protocol, yet the attackers returned 90% of the stolen funds after the platform offered a bounty of 10% of the amount.
