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Crypto Investors Lost $1.67B to Hacks and Exploits in Q1: CertiK
The figure marks a 303% increase on the previous quarter.
Updated Apr 2, 2025, 5:01 p.m. Published Apr 2, 2025, 10:06 a.m.
What to know:
- The three largest hacks were the $1.45 billion loss suffered by Bybit, $71 million Phemex heist and the $49.5 million Infini exploit.
- CertiK analyzed 197 hacking incidents in Q1, 98 of which occurred on the Ethereum blockchain.
- Just 0.38% of stolen funds were returned by hackers in Q1 compared to 42.09% the previous quarter.
Blockchain security firm CertiK has revealed that $1.67 billion worth of crypto was stolen by hackers in the first quarter of 2025, a 303% rise on the previous quarter.
The figure is two thirds of the total amount stolen across 2024, although it's worth noting that the majority of Q1's losses can be attributed to the $1.45 billion Bybit hack.
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Aside from that, CertiK analyzed 197 hacking incidents in Q1, 98 of which occurred on Ethereum.
The two largest hacks following Bybit were the $71 million Phemex heist in January and the $49.5 million exploit suffered by crypto neobank Infini.
Phishing attacks, which involve stealing a victim's credentials to gain access to personal accounts, remains the highest attack vector accounting for 81 incidents. There were also 15 incidents of private key compromise.
Only 0.38% of stolen funds in Q1 have been returned compared to 42.09% in the previous quarter, making the adjusted loss much higher. In February no stolen funds were returned at all.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
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