CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
crypto.news 2025-04-01 06:56:21

Crypto hacks in Q1 soar 131% YoY as losses hit $1.63b, data shows

The crypto market witnessed over 60 crypto hacks in Q1 resulted in $1.63 billion in losses, more than doubling from $706 million a year earlier. Crypto hacks in the first quarter of 2025 resulted in more than $1.6 billion in losses, making it the worst quarter for crypto security breaches to date, per data from Immunefi’s latest research report . Data from PeckShield also shows that crypto losses from hacks in Q1 more than doubled from $706 million in Q1 2024. #PeckShieldAlert Q1 2025 witnessed 60+ crypto hacks, resulting in total losses of $1.63B, a YoY increase of 131% compared to $706M in Q1 2024. March 2025 recorded 20 crypto hacks, resulting in $33.46M in losses, including a $5M hack affecting #1inch , which was 90% recovered.… pic.twitter.com/Pg3fHpUvUp — PeckShieldAlert (@PeckShieldAlert) April 1, 2025 You might also like: Ethereum accounted for over 50% of $2.3b lost to hacks and exploits in 2024 Most of the losses in Q1 came from two major incidents: a $1.46 billion exploit at Bybit and a $69.1 million attack on Phemex . As analysts at Immunefi note, the two major exploits of the quarter “totaled $1.52 billion alone, accounting for 94% of all losses in Q1.” “The sheer scale of the Bybit and Phemex attacks, totaling $1.5 billion, shows how state-backed actors are arguably the most pressing threat to our industry. Their success in breaching renowned, battle-tested platforms is a reminder of the need for security measures that protect the entire stack and help projects prevent catastrophic attacks before they happen.” Immunefi Centralized exchanges suffered the most as they accounted for 94% of total losses, while attacks on decentralized finance accounted for just 6%. Binance’s BNB Chain (formerly Binance Smart Chain) was the most exploited blockchain, suffering 19 separate incidents, followed by Ethereum with 15, the data shows. March alone saw 20 hacks, resulting in $33.46 million in losses, with the largest incidents included a $13 million exploit at Abracadabra.money and an $8.32 million attack on Zoth. Read more: Crypto hacks jump ninefold in January: Immunefi

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta