Crypto Crime Surges in 2025: Over $2.17 Billion Stolen in First Half
The post Crypto Crime Surges in 2025: Over $2.17 Billion Stolen in First Half appeared on BitcoinEthereumNews.com. Terrill Dicki Jul 17, 2025 23:29 Crypto crime in 2025 has reached alarming levels, with over $2.17 billion stolen so far, led by a $1.5 billion ByBit hack, according to Chainalysis. In a concerning trend for the cryptocurrency sector, 2025 has witnessed a significant surge in crypto-related crimes, with over $2.17 billion stolen in the first half of the year. This is according to a mid-year update from Chainalysis, which highlights a $1.5 billion hack on ByBit as the largest single incident contributing to these losses. Escalating Theft and Geographic Trends The report indicates that this year’s crypto crime figures surpass those of 2024, setting a new precedent for financial losses within the industry. The North Korean hack on ByBit alone accounts for nearly 69% of the total stolen funds, marking it as the most significant crypto theft in history. Chainalysis notes that if current trends persist, the total funds stolen by the end of the year could exceed $4 billion. Geographically, the United States, Germany, Russia, Canada, Japan, Indonesia, and South Korea have emerged as significant hotspots for victims of crypto theft. The rapid increase in victim numbers from the first half of 2024 to the same period in 2025 is particularly notable in Eastern Europe, the Middle East and North Africa (MENA), and Central and South Asia and Oceania (CSAO). Laundering Techniques and Personal Wallet Attacks Chainalysis also explores the different laundering techniques employed by cybercriminals. While those targeting services display higher sophistication, personal wallet thefts have become increasingly common, with attackers leaving substantial amounts of stolen funds on-chain rather than immediately laundering them. This trend suggests a growing confidence among criminals in their operational security. Personal wallets are now a significant focus for attackers, accounting for 23.35% of all…
The post Crypto Crime Surges in 2025: Over $2.17 Billion Stolen in First Half appeared on BitcoinEthereumNews.com.
Terrill Dicki Jul 17, 2025 23:29 Crypto crime in 2025 has reached alarming levels, with over $2.17 billion stolen so far, led by a $1.5 billion ByBit hack, according to Chainalysis. In a concerning trend for the cryptocurrency sector, 2025 has witnessed a significant surge in crypto-related crimes, with over $2.17 billion stolen in the first half of the year. This is according to a mid-year update from Chainalysis, which highlights a $1.5 billion hack on ByBit as the largest single incident contributing to these losses. Escalating Theft and Geographic Trends The report indicates that this year’s crypto crime figures surpass those of 2024, setting a new precedent for financial losses within the industry. The North Korean hack on ByBit alone accounts for nearly 69% of the total stolen funds, marking it as the most significant crypto theft in history. Chainalysis notes that if current trends persist, the total funds stolen by the end of the year could exceed $4 billion. Geographically, the United States, Germany, Russia, Canada, Japan, Indonesia, and South Korea have emerged as significant hotspots for victims of crypto theft. The rapid increase in victim numbers from the first half of 2024 to the same period in 2025 is particularly notable in Eastern Europe, the Middle East and North Africa (MENA), and Central and South Asia and Oceania (CSAO). Laundering Techniques and Personal Wallet Attacks Chainalysis also explores the different laundering techniques employed by cybercriminals. While those targeting services display higher sophistication, personal wallet thefts have become increasingly common, with attackers leaving substantial amounts of stolen funds on-chain rather than immediately laundering them. This trend suggests a growing confidence among criminals in their operational security. Personal wallets are now a significant focus for attackers, accounting for 23.35% of all…
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