BTC, ETH, XRP: Crypto Thefts Hit Record $2.1 Billion in Year's First Half
Cryptocurrency investors have lost $2.1 billion to hacks, thefts and scams in this year's first half, the worst six-month period on record for the security of digital assets such as Bitcoin (BTC), Ethereum (ETH), and XRP (XRP).
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A new report from TRM Labs found that there have been 75 major incidents related to cryptocurrencies in the first six months of 2025. That topped the previous first half record set in 2022 by about 10% and nearly matched the amount of crypto assets stolen in all of 2024.
TRM Labs blames the rise in crypto thefts on North Korea intensifying its cyber attacks in the crypto space. Researchers say North Korean-linked groups are responsible for $1.6 billion, or 70% of all the stolen funds from digital assets this year.
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The biggest hack that occurred in this year's first half was the $1.5 billion Bybit hack that took place in February. The Bybit attack is widely viewed as the largest crypto theft in history and is believed to have been perpetrated by North Korea.
TRM Labs says that crypto hacks and cyber attacks by nation states are evolving and pose the biggest threat to investments related to digital assets. Additionally, more than 80% of the crypto funds stolen in this year's first half stemmed from infrastructure-level breaches, including private key thefts and front-end hijacks. Bitcoin, the largest crypto by market capitalization, has risen 15% this year.
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