Bybit Report: Crypto Hacks Surge to $2.1 Billion in First Half of 2025, North Korea Leads Attacks

The cryptocurrency industry is facing an unprecedented security crisis, with hackers stealing a staggering $2.1 billion across 75 incidents in the first half of 2025—a 50% increase compared to previous years. Infrastructure vulnerabilities, such as private key leaks and front-end exploits, were responsible for 80% of the thefts, often exacerbated by social engineering or insider collusion. North Korea has emerged as the dominant threat actor, linked to $1.6 billion in stolen funds. As security risks escalate, exchanges like Bybit must prioritize robust safeguards to protect user assets and maintain trust in the crypto ecosystem.

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

The crypto industry is grappling with an unprecedented security crisis as hackers siphoned $2.1 billion across 75 incidents in the first half of 2025—a 50% spike from prior years. Infrastructure vulnerabilities, including private key leaks and front-end exploits, enabled 80% of the thefts, often magnified by social engineering or insider collusion.

North Korea emerged as the dominant threat actor, linked to $1.6 billion in stolen assets—primarily through the breach of Dubai-based Bybit. The attack single-handedly doubled the average hack size to $30 million. Meanwhile, Iranian exchange Nobitex lost $100 million in a June assault attributed to an Israeli cybercriminal.

Bybit Partners with xStocks to Launch Tokenized U.S. Stocks

Bybit is set to revolutionize access to traditional equities through blockchain technology. The exchange will list 10 tokenized stock pairs starting June 30, in collaboration with xStocks, a platform developed by Backed Finance.

The initial rollout includes COINX (Coinbase) and NVDAX (NVIDIA) on June 30, followed by CRCLX (Circle) and APPLX (Apple) on July 1. The full lineup spans major tech and finance giants like Meta, Amazon, and Tesla, all paired with USDT and supporting Spot Grid Bots for automated trading strategies.

These Solana-based tokens represent fractional ownership of actual stocks, enabling 24/7 borderless trading. The MOVE signals Bybit's continued convergence of traditional and decentralized finance, offering crypto-native exposure to blue-chip equities.