<ul><li>Q1 2025 witnessed the crypto industry's worst quarter on record, with losses totaling $1.64 billion from 40 incidents.</li><li>Bybit and Phemex, two major centralized platforms, suffered a combined loss of $1.52 billion, highlighting the vulnerability of such platforms.</li><li>North Korean hackers, specifically the Lazarus Group, were responsible for 94% of the losses and targeted centralized exchanges.</li><li>The BNB Chain and Ethereum networks accounted for 76% of all chain-related losses in Q1 2025.</li></ul>

Crypto Hacks Surge 4.7x in Q1 2025: Bybit & Phemex Hit Hard

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