TRM Labs, a blockchain intelligence company, reported that around $2.1 billion in crypto has been stolen in the first half of 2025.
These incidents made up over 80% of stolen funds and were far more damaging than other types of hacks.
These types of attacks focus on areas like private key access or weaknesses in front-end tools. This can include stealing seed phrases or changing how a crypto site appears to users.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Shiba Inu Coin? (Explained with Animations)
TRM Labs explained that such hacks often succeed because they exploit both technical flaws and people’s trust.
Another method used by attackers was to break into smart contracts. This involved tactics like flash loans or triggering bugs that let them take funds or interfere with how systems are supposed to work. These protocol-based attacks made up 12% of the total losses this year.
A major part of the losses came from North Korea’s theft of $1.5 billion from Bybit, a Dubai-based exchange, in February. That incident made up nearly 70% of the year’s total. It also pushed the average loss per attack to around $30 million.
However, even without the Bybit
$2.31B
case, other months like January, April, May, and June each saw over $100 million in stolen crypto.
Some attacks were likely tied to political goals. On June 18, a group known as Gonjeshke Darande, which has been linked to Israel, took $100 from Iran’s largest exchange, Nobitex. How did it happen? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
