Crypto thefts in the first half of 2025 have surpassed the total losses of 2024, driven by major incidents like the ByBit breach and Cetus Protocol hack. The report emphasizes the need for a comprehensive security approach to mitigate future risks. #ByBit #CetusProtocol
Keypoints
- Crypto theft losses in H1 2025 reached approximately $2.47 billion, exceeding 2024 figures.
- The ByBit hack and Cetus Protocol incident accounted for 72% of total losses, with $1.78 billion combined.
- North Korean Lazarus group is suspected of orchestrating the ByBit Ethereum theft.
- Wallet compromise was the most costly attack vector, causing $1.7 billion in losses across 34 incidents.
- Ethereum experienced the most security incidents and losses in H1 2025, mainly due to the ByBit hack.
Read More: https://www.infosecurity-magazine.com/news/crypto-hack-losses-half-exceed-2024/