Crypto Hacks Surge to $1.74B in 2025, Quadrupling 2024 Losses

The cryptocurrency industry has suffered a staggering $1.74 billion in hacks during the first four months of 2025, according to a report by Immunefi. This figure dwarfs the $420 million lost in the same period last year, marking a fourfold increase in thefts.

Bad actors have targeted multiple blockchain projects, with the most affected chains yet to be specified. The report highlights the growing sophistication of attacks and the urgent need for enhanced security measures across decentralized platforms.

While the specific coins and exchanges impacted weren’t detailed in this excerpt, the scale of losses suggests widespread vulnerability across the ecosystem. The $1.7 billion stolen already exceeds 2024’s total annual losses, signaling an alarming acceleration of security breaches.