Crypto hacks and exploits have surged to record levels in the first half of 2025, with total losses exceeding $2.1 billion across at least 75 incidents, according to blockchain intelligence firm TRM Labs.
What Happened: The figure marks the highest-ever total for the first half of a year, surpassing the previous record set in the first half of 2022 by around 10%.
The largest single event was the $1.5 billion hack of Dubai-based crypto exchange Bybit in February, which TRM Labs attributes to North Korea.
The Bybit breach alone accounted for nearly 70% of total losses this year, significantly inflating the average hack size to nearly $30 million, double that of H1 2024.
TRM Labs reported that North Korean-linked groups were responsible for approximately $1.6 billion in stolen assets during H1 2025, solidifying …