Crypto thefts reached a new high in the first half of 2025, surpassing $2.1 billion in 75 hacks and exploits.
A single $1.5 billion breach at Bybit exchange accounted for almost 70% of the total losses this year, with an average hack size of nearly $30 million.
State actors, particularly North Korea-linked groups, are responsible for about $1.6 billion of the stolen funds, aiding in sanction-evasion schemes and weapons programs.
Security measures like cold storage, multi-factor authentication, and frequent audits are recommended to combat the rise in large-scale crypto thefts linked to state-backed actors.