Crypto Theft Hits Record $2.1 Billion in Stolen Funds in H1 2025, TRM Labs Reports

The cryptocurrency sector suffered a staggering $2.1 billion in losses from hacks and exploits during the first half of 2025, according to blockchain intelligence firm TRM Labs. This marks a 10% increase over the previous record set in 2022 and nearly matches the total thefts for all of 2024.

Infrastructure attacks accounted for over 80% of the stolen funds, with tactics like private key theft and front-end compromises proving particularly devastating. These incidents caused losses ten times greater than other attack vectors, underscoring systemic vulnerabilities in crypto's technical backbone.

State-sponsored actors, particularly from North Korea, emerged as significant drivers of this surge. The report highlights 75 major incidents between January and June, painting a grim picture of escalating security challenges as adoption grows.