"Cybercriminals stole $2.7 billion in crypto this year, a new record for crypto-stealing hacks, according to blockchain monitoring firms. Once again, in 2025, there were dozens of crypto heists hitting several cryptocurrency exchanges and other web3 and decentralized finance (DeFi) projects. The biggest hack by far was the breach at Dubai-based crypto exchange Bybit, where hackers stole around $1.4 billion in crypto."
"De.Fi, the web3 security firm running the REKT database that tracks crypto thefts, also estimated $2.7 billion in stolen and hacked crypto last year. As usual, North Korean government hackers were the most successful crypto thieves throughout 2025, after stealing at least $2 billion, according to Chainalysis and Elliptic, which estimated that Kim Jong Un's hackers have stolen around $6 billion since 2017. North Korea uses crypto thefts to fund its sanctioned nuclear weapons program."
Crypto thefts totaled $2.7 billion in 2025, a record high for crypto-stealing hacks. The largest single breach was at Dubai-based exchange Bybit, where attackers stole about $1.4 billion. Monitoring firms Chainalysis, TRM Labs, and De.Fi's REKT database each estimated the $2.7 billion figure, while Chainalysis additionally tracked roughly $700,000 taken from individual wallets. Other major losses included $223 million from Cetus, $128 million from Balancer, and over $73 million from Phemex. North Korean state-linked hackers were responsible for at least $2 billion of the 2025 thefts and are estimated to have stolen about $6 billion since 2017 to fund sanctioned weapons programs.
Read at TechCrunch
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