- More than $ 1.5 billion of crypto were lost in scams and theft in the first quarter of 2025, says the report
- Most of the funds were lost in Bybit’s trick
- Wallet’s commitment is the most common way in which people lose their cryptography
When it comes to scams and theft, the crypt has not had a great year so far. Only in the first quarter of the year, computer pirates stole more than $ 1.67 billion in 19 19 security incidents. This is in accordance with a new report published by Blockchain Cybersecury Pros Cetik.
The Hack3D Report Q1 2025 says that the figure represents an increase in the value of 303.38% in the value compared to the previous quarter. Throughout the industry, the average loss per incident was $ 9,549,339, Certik said in addition, while the average loss per incident was $ 66,303.
The total value of the returned funds was $ 6,390,698, which led to total adjusted losses of $ 1,662,600,186 for the quarter. Unfortunately, only 0.4% of stolen funds were returned to customers, but it is basically how Blockchain works, since most transactions are irreversible.
Attention call
However, without a broader context, these figures could be a bit misleading. Almost all the stolen money fell into a single incident: bybit’s trick at the end of February 2025.
Bybit, an important exchange of cryptocurrencies, lost $ 1.5 billion in Ethereum, in an attack attributed to the Lázaro group sponsored by North Korea. The computer pirates infiltrated the Safe {Wallet} infrastructure, injecting malicious Javascript that cheated the Bybit security equipment to approve unauthorized transactions.
Lazarus is one of the most infamous threat actors in the world, deploying huge state resources to steal cryptocurrencies, which are then used to finance the state apparatus of the government and its weapons program.
“Computer pirates are using increasingly sophisticated techniques, and now it is more important than ever than Blockchain’s companies and projects proactively invest in solid safety measures,” said Certik Ronghui Gu co -founder. Bybit’s violation is a attention call for the entire industry. Security is not simply a competitive advantage, it is a shared responsibility. “
The most expensive attack vector is the commitment of the wallet, followed by a private key commitment, code vulnerability and phishing.
