More than $2.1 billion stolen in crypto hacks in 2025
According to a new TRM Labs report, more than $2.1 billion has already been grabbed via crypto hacks in the first half of 2025.
According to a new report from TRM Labs, more than $2.1 billion has already been looted via crypto hacks in the first half of 2025. That’s nearly as high as all of 2024, and the figures show a troubling trend: more than 80% of losses come from leaked seed phrases and hacked frontends.
"This is a significant uptick in illegal activity and nearly matches last year’s total losses," TRM Labs cautions in the report.
The bulk of the stolen amount comes from the Bybit attack, where hackers stole about $1.5 billion worth of various crypto assets. Investigations point toward the notorious North Korean Lazarus group.
Although users have since been compensated, the threat remains real. The Lazarus group is widely known as one of North Korea’s most aggressive cyber gangs and is said to be using its loot to fund dictator Kim Jong-un’s nuclear weapons program.
In the crypto community, and especially among Bitcoin maximalists, hardware wallets are still viewed as the safe haven for storing digital assets. The strength of these wallets lies in their isolation: private keys never leave the device itself and thus never touch infected computers or smartphones.
Even if your PC is infected with malware, your crypto on a hardware wallet remains out of attackers’ reach. Only when you make transactions is the device briefly connected. This is why hardware wallets are ideal for long-term storage.
