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Highlights
- TRM Labs reports that crypto hacks in 2025 so far have resulted in a loss of $2.1 billion.
- Seed phrases and front-ends are lead this year's crypto hacks.
- The $1.4 billion Bybit hack is the largest breach this year.
Crypto hacks in 2025 are on track to break records, with $2.1 billion stolen in just six months. According to a recent report by blockchain intelligence firm TRM Labs, seed phrases and front-ends are in hackers’ crosshairs.
Crypto Hacks Hit $2.1B in 2025 H1: Details
The TRM Labs report paints a concerning picture: crypto thefts have skyrocketed 50% year-over-year. Across 75 incidents, the year has seen a massive loss of $2.1 billion in the first half. This figure almost eclipses all the crypto theft losses in 2024.
Notably, the bulk of losses came from infrastructure attacks, which compromised the technical foundations of crypto systems through private key thefts, seed phrase breaches, and front-end hijacks. This accounts for over 80% of stolen funds, yielding 10 times more than other attack types on average. The statement read,
Infrastructure attacks — such as private key and seed phrase thefts, and front-end compromises — accounted for over 80% of stolen funds in H1 2025 and were, on average, ten times larger than other attack types… Often enabled by social engineering or insider access, these breaches expose critical weaknesses at the foundation of cryptosecurity.
Over the past week, three notable crypto news outlets have fallen victim to security breaches. As CoinGape noted, CoinMarketCap and Cointelgraph have faced front-end breaches, where users received a malicious pop-up.
In the latest event of crypto hacks, attackers targeted the official X account of the crypto news outlet, PANews. On June 27, hackers compromised the X account to spread misinformation about an airdrop. Following the incident, PANews warned users to avoid clicking on any links associated with this crypto hack.
North Korea’s Role in Rising Crypto Hacks
According to the TRM Labs report, the largest hack of 2025 to date is the $1.4 billion breach of Bybit, a Dubai-based crypto exchange, which occurred in February. Linked to the North Korean hackers, this crypto hack represents about 70% of total losses this year. This incident pushed the average hack size to nearly $30 million, doubling the $15 million average seen in the first half of 2024.
Interestingly, the report attributes $1.6 billion of stolen funds in H1 2025 crypto hacks to the North Korean group. The fund accumulated by them accounts for 70% of the total losses. The Bybit theft significantly contributed to this staggering amount, highlighting the Democratic People’s Republic of Korea’s ongoing efforts to exploit crypto for sanctions evasion, nuclear program funding, and statecraft.
Another major crypto hack that shook the global crypto space is the Nobitex breach. Earlier this month, the Iranian crypto exchange Nobitex faced a massive hack, losing over $100 million in crypto assets. Reportedly, the Israeli hackers, Gonjeshke Darande, have led the attack.
To combat these threats, TRM Labs recommends that the crypto industry implement robust security measures. This includes multi-factor authentication, cold storage for funds, regular security audits, and targeted countermeasures against insider threats and social engineering attacks.
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