$2B lost to crypto hacks in Q1 2025, $1.63B from access control flaws

Over $2 billion was lost to crypto hacks in Q1 2025, with Bybit’s $1.4 billion exploit leading the surge in access control attacks.

Over $2 billion was lost to cryptocurrency hacks in the first quarter of 2025.

According to a report shared with Cointelegraph by crypto cybersecurity firm Hacken, in Q1 2025, nearly $1.63 billion was lost just to access control exploits. Anmol Jain, vice president of investigations at crypto forensics firm AMLBot, told Cointelegraph that the exceptionally high figure is mainly attributable to the recent hack of the crypto exchange Bybit.

The data is similar to that recently shared by crypto cybersecurity firm PeckShield. The competing firm’s report — which excludes scams — suggested that crypto hacks total at $1.6 billion in Q1 2025.

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