Hackers stole more than $ 1.63 billion in cryptocurrency in the first quarter of 2025, with Bybit exploiting accounting for more than 92% of total losses, according to blockchain security firm Peckshield.
Peckshield reported that more than $ 87 million in crypto was lost in the hacks in January, while February saw a dramatic spike at $ 1.53 billion, mainly due to bybit attacks. That incident is one of the largest crypto robbery to this day.
In addition tobit hack, other attacks in February caused by $ 126 million In losses. This includes a $ 50-million exploitation Targeting infini, a $ 9.5-million hack to Zlend and a $ 8.5-million loss from ionic.
Hack -related losses dropped significantly in March, decreasing 97% from February. Peckshield only reported $ 33 million in crypto assets stolen last month. Some funds are recovered, which helps to offset the damage to users and protocols.
Crypto hacks have seen a 131% year-to-year increase
According to Peckshield, the first quarter of 2025 saw more than 60 crypto hacks. Blockchain Security Firm said the $ 1.63 billion loss to Q1 2025 represents a 131% year-to-year increase from the first quarter of 2024, when losses of $ 706 million reached.
The largest The incident in March was a $ 13 million exploitation involving the decentralized finance protocol of Abracadabra.Money. Peckshield said the attack drain the 6,260 ether (Eth) from the protocol on March 25th.
The losses in the crypto hack in March. Source: peckshield
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The second largest incident in the moon is a $ 8.4-million hack In the real-world asset (RWA) Restoration of Protocol Zoth.
On March 21, the security firm Cyvers filed a weakening transaction with Zoth, an attack withdrawn $ 8.4 million from protocol purses. The properties were to be converted into a stablecoin and moved to another address.
While millions were lost in March, some cases saw assets restored. On March 7, a crypto hacker stealing $ 5 million from Decentralized Replacement (Dex) 1inch Returned 90% of funds.
After a smart contract weakness was exploited, Dex offered a 10% wisdom to the attack, worth $ 500,000, in exchange for returning to the remaining crypto assets. The hacker is obliged and sent $ 4.5 million to 1inch.
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