In the first six months of 2025, the crypto industry suffered over US$2.1 billion in losses due to hacks and exploits across 75 incidents.
State-sponsored actors are increasingly targeting critical financial infrastructure in the crypto space, exploiting its borderless and currently unregulated nature.
The Bybit breach, attributed to North Korean hackers, resulted in over US$1.5 billion in losses, showcasing the intensity and speed of cyberattacks in the crypto realm.
Crypto crime is evolving into a geopolitical tool, with state-aligned groups like Gonjeshke Darande from Iran using digital asset theft for symbolic or political motives.