Crypto Hacks Surge to $1.6 Billion in Q1 2025, Driven by Bybit Exploit

Hackers stole more than $1.63 billion in cryptocurrency in the first quarter of 2025, according to blockchain security firm PeckShield. The Bybit exploit accounted for over 92% of total losses.PeckShield reported that hackers stole $87 million in January. Losses surged to $1.53 billion in February, mainly due to the Bybit attack. The incident was one of the largest crypto thefts recorded. Crypto Hacks Jump 131% Year Over YearOther February hacks resulted in $126 million in losses. These included a $50 million exploit targeting Infini, a $9.5 million hack on zkLend, and an $8.5 million loss from Ionic.March saw a sharp decline in crypto-related hacks. PeckShield reported $33 million in stolen assets, a 97% drop from February. Some funds were recovered, partially offsetting losses.

Apr 1, 2025 - 11:24

Crypto Hacks Surge to $1.6 Billion in Q1 2025, Driven by Bybit Exploit

Hackers stole more than $1.63 billion in cryptocurrency in the first quarter of 2025, according to blockchain security firm PeckShield. The Bybit exploit accounted for over 92% of total losses.

PeckShield reported that hackers stole $87 million in January. Losses surged to $1.53 billion in February, mainly due to the Bybit attack. The incident was one of the largest crypto thefts recorded.

Crypto Hacks Jump 131% Year Over Year

Other February hacks resulted in $126 million in losses. These included a $50 million exploit targeting Infini, a $9.5 million hack on zkLend, and an $8.5 million loss from Ionic.

March saw a sharp decline in crypto-related hacks. PeckShield reported $33 million in stolen assets, a 97% drop from February. Some funds were recovered, partially offsetting losses.