Crypto losses near $3.4B as hackers went ‘big game hunting’
Crypto losses reached nearly $3.4 billion in 2025, driven by massive hacks targeting large entities like Bybit.Summary
Cryptocurrency losses in 2025 neared $3.4 billion, the highest since 2022, as hackers focused on "big game hunting" targeting large entities and personal wallets, according to a Chainalysis report. Three major hacks, including a $1.4 billion incident at the Bybit exchange, accounted for 69% of the total losses. Andrew Fierman of Chainalysis noted that while massive attacks drove the yearly total, the trend of targeting large scores seems to be continuing into 2026. Conversely, while the number of personal wallet compromises increased, the total value stolen from individuals declined compared to 2024. Furthermore, despite a recovery in DeFi markets, hacks against DeFi protocols remained low, suggesting improved security measures and a shift in attacker focus toward centralized services and wallets. North Korean hacker groups were particularly successful, stealing $2.02 billion in 2025 through increasingly sophisticated tactics, including embedding IT workers within Web3 projects.
(Source：Cointelegraph)