TechFlow, June 27 — According to a recent report by blockchain intelligence firm TRM Labs, the cryptocurrency industry suffered $2.1 billion in losses from hacks during the first half of 2025, nearly reaching the total for all of 2024 and surpassing the previous historical high set in the first half of 2022 by approximately 10%. Over 80% of the losses stemmed from infrastructure attacks, including private key theft, mnemonic phrase attacks, and front-end hijacking.
North Korea-linked hacker groups played a primary role in these incidents, responsible for an estimated $1.6 billion in stolen funds—about 70% of the total. The $1.5 billion hack of the Bybit exchange in February was the largest single attack, raising the average breach size to $30 million, double that of last year.
TRM Labs urges the industry to strengthen multi-factor authentication, improve cold storage management, enhance internal threat detection, and calls for greater cross-border law enforcement collaboration and information sharing to collectively address the growing severity of crypto security threats, particularly those posed by state-sponsored cybercrime.
