Crypto Exchanges

Story: Crypto Hacks Surge in 2025 as $2.1B Stolen in Just 6 Months

By Maheen Hernandez

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Infrastructure Under Siege: Seed Phrases and Front-End Attacks. TRM Labs’ report highlights that infrastructure-level vulnerabilities were responsible for over…

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Bybit Hack Dominates With $1.4 Billion Loss. The largest single crypto hack of 2025 was the $1.4 billion theft from Dubai-based exchange Bybit…

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Iran’s Nobitex Hack Adds to Mounting Losses. In another significant incident this year, Iranian crypto exchange Nobitex was drained of over…

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Crypto Industry Faces Pressure to Fortify Defenses. With hackers escalating their tactics, experts believe that crypto companies must act swiftly to…

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Final Thoughts. The $2.1 billion stolen in just the first half of 2025 is a wake-up call for the entire…

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he crypto world is facing a security crisis in 2025. According to a new report from blockchain intelligence firm TRM Labs, hackers have stolen a staggering $2.

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While the crypto industry has seen its fair share of attacks over the years, 2025 is shaping up to be especially dangerous.

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“Infrastructure attacks — such as private key and seed phrase thefts, and front-end compromises — were, on average, ten times more damaging than other forms of attack,” the…

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Front-end hijacks, where attackers compromise a platform’s user interface, have gained traction.

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The Bybit breach pushed the average hack size this year to $30 million, doubling from $15 million in 2024.

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The report ties this activity to state-sponsored efforts to evade sanctions and fund nuclear development.

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In another significant incident this year, Iranian crypto exchange Nobitex was drained of over $100 million in assets earlier this month.

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Combined, these attacks are driving a growing concern over how geopolitical tensions are spilling into the crypto world, making exchanges and blockchain platforms digital…

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With hackers escalating their tactics, experts believe that crypto companies must act swiftly to shore up their defenses. TRM Labs recommends several key actions:

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Multi-Factor Authentication (MFA): Enforcing strong identity verification at every level of access, from users to developers.

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