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CertiK reveals a $1.67 billion loss in Q1 2025 due to crypto hacks and exploits, dominated of course by the Bybit hack, marking a dramatic 303% quarter-over-quarter increase.
What’s the Scoop?
- Record Losses: Blockchain security firm CertiK reports $1.67 billion in stolen crypto for Q1 2025—a 303% increase compared to Q4 2024.
- Biggest Attack: The $1.45 billion Bybit hack accounted for the majority of the losses.
Ethereum Hit Hard: Ethereum blockchain registered 98 hacks out of 197 total incidents reported.- High Attack Vectors: Phishing accounted for 81 incidents, private key compromises for 15; both were major attack methods.
- Minimal Recovery: Only 0.38% of stolen funds were recovered, compared to 42.09% in the previous quarter.
🚨The Q1 2025 Hack3d Report is here.
— CertiK (@CertiK) April 1, 2025
Web3 has already lost over $1.6B this year—with the largest single exploit in the space’s history.
We break it down in this short video. Then dive into the full report for insights that matter.👇🧵 pic.twitter.com/9fuf4NjO7j
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