Featured News Headlines
Crypto Hack Alert: Are Your Wallets Safe?
Crypto Hack 2025 – According to the latest blockchain security report from CertiK, the crypto industry suffered staggering losses of $2.47 billion during the first half of 2025. These losses stemmed from a mix of hacks, fraud, and security vulnerabilities across the ecosystem.
While the number may sound terrifying, there’s a silver lining: the second quarter of 2025 showed a significant decline in both the frequency and severity of attacks. In Q2 alone, $800 million was lost across 144 separate incidents—a sharp 52% drop compared to Q1.
Two Major Hacks Responsible for Most of the Damage
CertiK highlights that the lion’s share of these losses came from just two major incidents.
The biggest hit? A jaw-dropping $1.5 billion in ETH was stolen due to a vulnerability in Bybit’s cold wallet infrastructure—one of the largest single hacks in crypto history.
The second major breach involved Cetus Protocol, a project on the Sui blockchain, which saw $225 million drained in an attack.
When these two mega-hacks are excluded, total losses across the industry in 2025 drop dramatically to around $690 million—still serious, but significantly less dramatic.
Phishing on the Rise, Wallet Hacks Cause Heaviest Losses
Phishing attacks have become the most common type of threat in 2025. CertiK tracked 132 phishing incidents, resulting in a combined loss of $410 million.
However, the biggest financial damage came from wallet hacks, which collectively accounted for $1.7 billion in losses. Ethereum was hit the hardest—no surprise there—given its dominance in the DeFi space.
In Q1, Ethereum endured 98 attacks, followed by 70 more in Q2, making it the most targeted blockchain network so far this year.
Tighter Regulations on the Horizon – Security Is No Longer Optional
With Donald Trump’s administration pushing for reforms within the SEC, and regions like Hong Kong and the European Union (through the MiCA legislation) ramping up crypto regulations, the pressure to tighten up security standards is mounting.
As the crypto sector matures and new investors and fresh capital pour in, the need for robust protection is greater than ever.
CertiK emphasizes the importance of adopting strong security practices including:
- Multi-factor authentication (MFA)
- Use of hardware wallets
- Heightened wallet protection protocols
In a world where billions can vanish in seconds, crypto security is no longer a luxury—it’s a survival tool.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
