Bybit Users Alert: Crypto Hacks Surge to $2.1 Billion in First Half of 2025

The cryptocurrency industry is facing a severe security crisis in 2025, with hackers stealing over $2.1 billion across 75 incidents in just six months. This represents a 50% increase compared to previous years, as reported by TRM Labs. Infrastructure attacks, including private key thefts, seed phrase breaches, and front-end hijacks, were responsible for more than 80% of the stolen funds. Bybit users and the broader crypto community are urged to enhance their security measures to protect their assets from these escalating threats.

Crypto Hacks Surge in 2025: $2.1 Billion Stolen in Just 6 Months

The cryptocurrency industry is grappling with an unprecedented security crisis in 2025, with hackers stealing over $2.1 billion across 75 incidents in the first half of the year. This marks a 50% increase compared to previous years, according to a TRM Labs report. Infrastructure attacks—including private key thefts, seed phrase breaches, and front-end hijacks—accounted for more than 80% of the stolen funds. These exploits were often ten times larger than other attack vectors, frequently enabled by social engineering or insider access.

North Korea has emerged as the most aggressive state actor, linked to $1.6 billion in crypto thefts—nearly 70% of the total. The Democratic People’s Republic of Korea (DPRK) continues to exploit digital assets to circumvent international sanctions. Bybit, a Dubai-based exchange, suffered the largest single breach, contributing to an average hack size of $30 million in 2025—double the 2024 figure.

In a separate incident, Iranian exchange Nobitex lost $100 million to an Israeli hacker, underscoring the global scale of the threat. The breaches expose systemic vulnerabilities in crypto security frameworks, with infrastructure weaknesses proving particularly costly.

Bybit Ethereum Heist Propels Record $2.1 Billion in Crypto Stolen by Hackers So Far in 2025

Cryptocurrency thefts have surged to unprecedented levels in the first half of 2025, with hackers stealing over $2.1 billion—a 10% increase from the previous record set in 2022. North Korean-linked actors account for 70% of the losses, according to TRM Labs. The $1.5 billion Bybit hack alone dominated the figures, cementing Pyongyang’s status as the most aggressive state-sponsored threat in crypto.

Blockchain intelligence reveals these heists are not just cybercrime but a tool of statecraft for North Korea. The scale underscores systemic vulnerabilities in exchanges and DeFi protocols, with Ethereum-based assets frequently targeted. Security analysts warn that without industry-wide coordination, such breaches may define 2025 as the year of institutional reckoning.