The cryptocurrency industry suffered its most devastating year for security breaches in 2025, with total hack losses reaching a staggering $2.72 billion according to data from TRM Labs. This figure surpasses the previous record set in 2024, a particularly alarming development given the year’s depressed market conditions. The historic $1.5 billion breach of exchange Bybit in February, attributed to North Korean actors, set a grim tone for a year marked by increasingly sophisticated and professionalized attacks on both centralized exchanges and decentralized finance (DeFi) protocols worldwide.
about Crypto Hacks Hit Record $2.72B in 2025 Despite Market SlumpLazarus
0 posts last weekCanadian Teen Sentenced for $37M Bitcoin Heist and X Hacks
Cameron Redman, a Canadian teen, has been sentenced to 12 months and one day in prison, followed by three years of supervised release, for stealing $37 million in Bitcoin and Bitcoin Cash through a SIM swap attack in 2020. He also hacked several high-profile X accounts, including those of NFT creators and crypto investors, laundering the stolen funds through exchanges and Tornado Cash. Despite recovering $5.4 million, authorities are still missing $31.5 million. ZachXBT, who uncovered the case, has called for stricter penalties and earlier disclosure of offenders’ identities to prevent further crimes. The incident underscores the rising threat of SIM swaps and phishing scams, with reports showing a 1,055% increase in such attacks in the UK in 2024.
about Canadian Teen Sentenced for $37M Bitcoin Heist and X HacksRecord Crypto Hacks in 2025 Reach Over 1.6 Billion Dollars
In 2025, crypto hacks have surged dramatically, with losses reaching $1.6 billion year-to-date, an 8x increase from the previous year. The record $1.4 billion theft from Bybit, linked to North Korea’s Lazarus Group, marks the largest hack in history, highlighting vulnerabilities in centralized exchanges. February alone saw losses of $1.53 billion, a staggering 20x increase from January.
about Record Crypto Hacks in 2025 Reach Over 1.6 Billion DollarsCrypto Market Declines After Major Hacks and SOL Underperformance
Crypto markets are reeling from a significant hack attributed to North Korea’s Lazarus group, resulting in a $1.4 billion breach of Bybit, which has since restored its ETH reserves. SOL is underperforming, hitting its lowest level since December 2023, while Berachain and Sonic are seeing increased inflows. In other developments, Franklin Templeton has filed for a SOL ETF, and El Salvador plans to halt BTC purchases despite a strategy to acquire an additional $2 billion in BTC.
about Crypto Market Declines After Major Hacks and SOL Underperformance