Crypto Hack Losses Soar 131% Year-Over-Year to Reach $1.6 Billion

The cryptocurrency industry experienced its worst quarter for security breaches this year, with losses exceeding $1.6 billion in Q1 of 2025. This surge marks a significant increase compared to the same period in 2024, when hackers stole approximately $706 million, according to data from PeckShield and Immunefi, which reported 60+ hacks throughout the quarter. The escalating sophistication of cybercriminals has made securing digital assets more challenging.