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In September, the total amount lost to crypto hacks fell by 22%, totaling $127 million. Despite the decrease, 2025 is on track to be catastrophic for Web3 security.
The DeFi sector struggles with significant security challenges, with billions lost to hacks and threats from cybercriminals, particularly North Korean hackers.
The report indicates that the majority of such incidents occurred on the Ethereum blockchain, with Bitcoin following behind.
In response to a major hack linked to North Korea, Safe has established a dedicated development unit named Safe Labs to streamline its operations and adapt to security demands.
In May, crypto investors faced losses exceeding $302 million due to scams and exploits, primarily driven by vulnerabilities in code.
Ari Redbord from TRM Labs discusses Coinbase's effective management of a recent security breach during a Consensus 2025 panel.
A significant portion of cryptocurrency losses in February resulted from a single hack on Bybit, amounting to $1.4 billion.
Radiant Capital attributes a major hack to North Korean cybercriminals who used deception to gain access to sensitive information.
A comprehensive tool from Dune tracks over 5,500 incidents of scams, hacks, and phishing in the cryptocurrency space.
In the latest data, crypto hack losses have dropped by 37% in Q3, though September experienced record high million-dollar hacking incidents.
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