Crypto Losses Hit $2.5B in First Half of 2025: A Detailed Analysis
The cryptocurrency market experienced significant losses totaling $2.5 billion in the first half of 2025, driven by hacks, scams, and exploits. This marks a 3% increase from 2024, highlighting persistent security challenges. However, the second quarter showed improvement with a 52% drop in losses, suggesting enhanced protective measures.
Major Security Breaches
- Bybit lost $1.5 billion due to a cold wallet vulnerability.
- Cetus Protocol, a decentralized exchange on Sui blockchain, was hacked for $225 million.
Rising Threats: Phishing and Wallet Attacks
Phishing led with 132 incidents, but wallet breaches caused greater financial damage. The Ethereum blockchain was frequently targeted, reflecting its leading role in decentralized finance.
Regulatory Developments and Safety Tips
Regulators have responded with tighter oversight. The SEC under President Donald Trump has eased some restrictions. Experts advise using hardware wallets and multi-factor authentication to safeguard assets.
