Key Takeaways
- Crypto scams and hacks cost investors some $2.5 billion in the first half of this year, a quarterly report from security firm Certik found.
- The company noted that two large incidents were responsible for about $1.78 billion of the total.
- Wallet compromise and phishing were the two most common forms for hackers and scammers to steal funds, the report found.
Cryptocurrency hacks and scams cost nvestors just shy of $2.5 billion in the first half of 2025, according to a new report.
Blockchain security company Certik reported Monday that 144 hacking or scam incidents occurred in the second quarter of this year, bringing the year-to-date total to 344, with a dollar value of $2.47 billion.
After accounting for assets that were eventually returned or frozen by trading platforms, the total is a slightly lower $2.29 billion, up from the $1.98 billion that Certik estimated was stolen last year.
Certik reported that the majority of funds were stolen by compromising crypto wallets, at $1.71 billion, while another $410.75 million was stolen through phishing attacks.
Two incidents accounted for nearly $1.8 billion of this year’s losses, Certik noted in its report. In one,hackers in North Korea stole roughly $1.5 billion in assets from Bybit, one of the world’s largest exchanges. The other was a $220 million theft from Cetus.
