Report: 75 cryptocurrency thefts in the first half resulted in $2.10 billion stolen, surpassing the first half record set in 2022

The latest TRM Cryptocurrency Crime Report shows a spike in cryptocurrency thefts in the first half of 2025, with at least 75 attacks resulting in more than $2.10 billion stolen, nearly matching the total in 2024 and surpassing the first half record set in 2022. However, the report shows that the $1.50 billion Bybit hack, which occurred in February, accounted for nearly 70% of the total losses. Aside from the huge losses in February, January, April, May and June were the only four months to lose more than $100 million. Only March saw a loss of less than $100 million.
"Crimes committed by groups linked to North Korea accounted for $1.60 billion of total funds stolen in the first half of 2025, or approximately 70 percent of all stolen funds," the report concludes. Meanwhile, the TRM team found that infrastructure attacks such as private key and mnemonic theft or front-end intrusions accounted for more than 80 percent of stolen funds in the first half of 2025. Protocol vulnerabilities, on the other hand, accounted for another 12 percent, highlighting persistent vulnerabilities in DeFi smart contracts.