In the first half of 2025, losses to crypto hacks, exploits, and scams reached $2.47 billion, according to blockchain security firm CertiK. However, the second quarter saw a reduction in hacking incidents, with over $800 million lost across 144 incidents—representing a 52% decrease in value lost compared to the previous quarter. Notably, most losses were concentrated in two high-profile hacks involving Bybit and Cetus Protocol, totaling $1.78 billion. Without these incidents, total losses would stand at approximately $690 million. Phishing attacks surged, particularly targeting Ethereum, which faced the highest number of security incidents this year. Overall, wallet compromises were the leading attack vector, costing over $1.7 billion. Additionally, significant regulatory changes in the U.S. are expected to shape the future of the crypto industry, emphasizing the need for rigorous security standards as more institutional participants enter the market.

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