Crypto losses are projected to reach $2.1 billion in the first half of 2025, with infrastructure attacks accounting for over 80% of stolen crypto.
Protocol exploits contributed about 12% to the total losses, while state-sponsored attacks, like the Bybit hack, made up nearly 70% of H1 2025 losses.
The rise in infrastructure attacks targeting systems powering crypto platforms has raised concerns, as these exploits siphon off more funds per incident on average.
The increase in state-sponsored crypto attacks indicates a shift towards strategic intent beyond financial gains, linking crypto theft to politics and cyber warfare.