Crypto thefts have skyrocketed in 2025, reaching $2.1 billion in the first half of the year across 75 incidents, with infrastructure attacks contributing to over 80% of stolen funds.
North Korea has been linked to $1.6 billion, accounting for 70% of the total stolen funds, emphasizing the country's involvement in exploiting crypto markets to evade international sanctions.
A high-profile hack on Bybit and Nobitex, involving Israeli cybercriminal Gonjeshke Darande, underscores the rising geopolitical cyber threats faced by the crypto industry.
TRM Labs recommends steps like cold storage, multi-factor authentication, regular security audits, and insider threat detection to enhance security measures for crypto companies amidst escalating hacks.