Bybit’s $1.46B Breach Exposes Critical Crypto Security Gaps Amid $3.1B Industry Theft Surge

In a shocking revelation from Web3 security firm Kerberus, the cryptocurrency industry witnessed a staggering $3.1 billion in thefts during the first half of 2025, with the landmark Bybit exchange breach setting a new record at $1.46 billion. This single incident represents nearly half of all crypto thefts reported, highlighting systemic vulnerabilities in real-time protection mechanisms across digital asset platforms. Beyond the massive exchange breach, human-targeted scams accounted for $600 million in losses, demonstrating that phishing and social engineering attacks remain persistent threats even when excluding outlier events. The report underscores a critical misalignment in security spending and emphasizes the urgent need for enhanced protective measures throughout the cryptocurrency ecosystem. As the industry continues to mature, these findings serve as a stark reminder that security infrastructure must evolve at pace with technological innovation to protect investor assets and maintain market confidence.

Kerberus Report Highlights $3.1B Crypto Theft Surge, Warns of Real-Time Protection Gaps

Web3 security firm Kerberus reveals a staggering $3.1 billion in crypto thefts during the first half of 2025, with human-targeted scams accounting for $600 million of losses. The landmark Bybit exchange breach—a record $1.46 billion heist—dominates the figures, but even excluding this outlier, phishing and social engineering attacks persist as systemic vulnerabilities.

Security spending remains misallocated, the report argues, with 90% of resources funneled into pre-attack audits or post-theft forensics. This leaves transaction-approval moments—increasingly exploited by attackers—as the sector's most critical unprotected gap. Real-time intervention tools represent less than 5% of available security solutions despite their proven efficacy against wallet drainers and approval phishing.

Crypto Content Creator Campus 2025 Concludes with AI-Driven Monetization Focus

The Crypto Content Creator Campus (CCCC) 2025 concluded in Lisbon after a sold-out three-day event at the Carlos Lopes Pavilion. The gathering brought together top Web3 creators and innovators to explore the future of crypto content creation.

Bybit Co-founder Ben Zhou delivered a keynote on the evolution of affiliate marketing, emphasizing attention, value, and conversion as Core principles. He projected 2025-2030 as the 'Age of Compliance and Finfluencers,' where long-term creators will shape crypto's future.

AI-powered monetization strategies took center stage, with panels discussing smart revenue generation techniques. The event featured a live Creator House Judging Panel where industry leaders evaluated emerging talent.