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Immunefi: crypto industry lost a record $1.64B in Q1 2025 across 40 incidents, including $1.46B from the Bybit hack, vs. $348.3M across 63 incidents in Q1 2024 (@humanjets / The Block) https://t.co/0RAuTFSRur https://t.co/epN6kZ9sxU https://t.co/ZOzeer1FAj
CRYPTO SECTOR SUFFERS RECORD $1.6B LOSS FROM HACKS IN Q1 2025 The cryptocurrency industry just endured its worst quarter ever for hacking losses, with a staggering $1.6 billion stolen in Q1 2025. The most devastating attack was the Bybit hack, where hackers drained 400,000 ETH https://t.co/DfFyYs7LUv
JUST IN: CRYPTO SECTOR FACES ITS WORST QUARTER FOR HACKS EVER, WITH LOSSES TOTALING $1.6 BILLION. Source: @TheBlock__ https://t.co/jLKnxqb6Ke https://t.co/BADURoKLuo
The cryptocurrency industry experienced its worst quarter for hacks in history during the first quarter of 2025, with losses totaling approximately $1.64 billion. This unprecedented figure was driven largely by the Bybit hack, which alone accounted for $1.46 billion, representing a significant portion of the overall losses. In total, there were 40 hacking incidents reported in this quarter, a stark contrast to the previous year, where 63 incidents resulted in losses of $348.3 million in Q1 2024. The data was provided by Immunefi, highlighting the increasing vulnerabilities within the crypto sector.
