TLDR
- Over $3.01 billion lost in 119 crypto hacks.
- 54.26% of losses occurred on centralized exchanges.
- Only 4.2% of stolen assets have been recovered.
A recent report by Global Ledger, a Swiss blockchain analytics firm, reveals that over $3.01 billion was stolen in 119 crypto hacks during the first half of 2025. Centralized exchanges (CEXs) bore the brunt, accounting for 54.26% of these losses.
This staggering figure highlights an increase in crypto-related crimes compared to 2024. The rapid evolution of laundering tactics complicates matters as attackers now move and disguise funds swiftly, often before the breaches become publicly known.
Key Participants and Methods Involved
Centralized crypto exchanges have emerged as the primary victims of these attacks. According to Global Ledger, while some hacks have links to North Korea, the report generally does not specify the perpetrators involved.
These hacks often involve organized and well-equipped groups who utilize advanced laundering techniques. Attackers exploit mixers, cross-chain bridges, and fast-routing tools to mislead and evade compliance and law enforcement teams.
Impact on Related Assets
The report identifies Ethereum (ETH) as a major asset used in these hacks. Significant amounts of stolen value have been transferred through Ethereum-linked channels. Binance Smart Chain’s BNB also features in summary tallies, highlighting its use as an attack or laundering vector.
Other altcoins may be involved, although the report does not provide a comprehensive asset breakdown. Notably, Bitcoin (BTC) is not part of the topline results, suggesting its lesser involvement in these incidents.
On-Chain Dynamics and Laundering Speed
The movement of stolen funds occurs rapidly, usually within 15 hours post-breach. In some instances, laundering is completed in as little as 4 seconds, typically not exceeding 3 minutes, with 23% being laundered before public disclosure.
Only 4.2% of the stolen assets have been recovered to date. The rapid progression of laundering presents major hurdles for compliance and law enforcement teams, highlighting systemic vulnerabilities in the current security frameworks of exchanges.
Historical Context and Comparison
Among previous large-scale hacks, the $1.5 billion Bybit hack in February 2025 stands out. This incident, reportedly involving North Korean hackers, emphasizes heightened operational speed and the increasing complexities associated with tackling blockchain-related crimes.
Other significant past events serve as benchmarks in terms of scale but not speed. The rising number of incidents—119 in six months—underscores the escalating frequency and sophistication of on-chain hacks in the crypto sector.
The yearly increase in cryptocrime represents systemic risks to centralized exchanges. The Global Ledger report shows that compliance measures must adapt faster than the means attackers use.
Understanding Complex Systems: A Unified Approach| Disclaimer: The content on defiliban.com is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
