Crypto projects lost $2 billion due to hacks and scams 😐

In Q1 2025, losses from hacks, rug pulls, and exploits exceeded $2 billion. Bybit was the leader, losing $1.4 billion as a result of a phishing attack associated with Lazarus Group.

Also among the top ten largest incidents were Libra ($286M), Phemex ($85M), and Infini ($49.5M). The main reasons were compromised private keys, code errors, and attacks on liquidity pools.

The most vulnerable were CEX, DeFi, and protocols with insufficient security from developers.