Startling Financial Figures

With a staggering $2.5 billion lost due to hacking incidents and fraudulent schemes in just the initial half of 2025, investors face a concerning trend. As noted in the latest findings by the blockchain security authority, Certik, these cyber offences occurred 344 times within the year’s first two quarters, of which 144 took place in the second quarter alone.

Major Security Breaches

Exacerbating the financial turmoil, two specific breaches alone accounted for the lion’s share of these losses. Bybit, one of the globe’s premier exchanges, fell victim to a compromise resulting in asset losses amounting to approximately $1.5 billion. Another significant incident involved the theft of $220 million from Cetus.

The report from Certik sheds light on the alarming extent of scams and hacks that plagued the cryptocurrency sector, leading to near $2.5 billion in investor losses in the early months of 2025.

Recovered or frozen assets by trading platforms post-incident adjusted the net loss to a sum of approximately $2.29 billion, marking an increase from the $1.98 billion reported by Certik for the previous year.

Tactics of Exploitation

The exploitation tactics predominantly involved wallet compromises and phishing attacks, as identified by the report, which were the favored methods employed by scammers and cybercriminals to usurp funds.