quote$ETH $BTC #TradeStories
The total damage from cryptocurrency hacks in Q1 2025 amounted to over $1.93 billion, distributed among 43 separate incidents.
In the first three months of 2025, almost as much was stolen as in all of 2024 - $1.93 billion compared to $1.94 billion.
The stolen $1.55 billion remains unspent, creating opportunities for partial recovery and investigations.
Centralized cryptocurrency exchanges (CEX) suffered the largest losses - they accounted for $1.54 billion, or 79.56% of the total loss. This confirms that CEX remains a primary target for technically skilled attacks.
Contract exploits remain the main attack vector, accounting for 62.79% of cases (27 out of 43). These attacks caused the most significant financial damage - $1.5 billion or 77.56% of all losses.
(Exploit - a computer program, a piece of code, or a sequence of commands that uses vulnerabilities in software and is used to conduct an attack on a computing system.)
In second place are compromised private keys (9 cases, $140 million in losses), followed by rug pull schemes - there were only two, but they accounted for $290 million (14.82%).
$1.44 billion of the stolen funds (over 74%) is linked to North Korea. All other hacker groups combined stole only $0.45 billion, despite a greater number of attacks.
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