(AGENPARL) – Mon 07 July 2025 For Immediate Release
Contact: Diana Paluteder
128 City Road, London
United Kingdom
EC1V 2NX
** Crypto Hacks Top $2.24 Billion in H1 2025 Despite Q2 Drop, Finbold Report Finds
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The findings, sourced from blockchain security firm SlowMist, show that Q1 2025 alone accounted for nearly $1.78 billion of total losses, fueled by a massive $1.5 billion wallet breach at Bybit, the largest single hack so far this year. Additional major incidents included a $230 million contract exploit at Cetus Protocol and a $100 million rug pull at LIBRA.
Despite the heavy losses in Q1, Q2 2025 saw a noticeable decline in hack volume, with losses totaling $465 million. Analysts suggest this drop could point to better security implementations across exchanges and DeFi protocols, although delayed incident disclosures may still revise these numbers upward.
“While the dramatic drop in Q2 is encouraging, we’re still seeing billions siphoned from the ecosystem,” said Jordan Major, Finbold market analyst. “The Bybit hack alone accounted for nearly two-thirds of the total losses in H1. These are systemic risks that continue to undermine investor trust.”
The report also highlights lesser-known but significant breaches, including $90 million stolen from Nobitex, $70 million lost at UPCX under still-uncertain circumstances, and multiple contract vulnerabilities in zkLend and Abracadabra Money.
As crypto adoption continues to accelerate globally, industry leaders are calling for stronger regulatory frameworks, third-party audits, and real-time risk monitoring tools to help prevent future breaches.
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