Cryptocurrency Hacks Soar in Q1 2025: Record Losses Exceed $1.6 Billion

A worrying trend emerged in the first quarter of 2025, as cryptocurrency hacks surged, leading to significant financial losses. According to BlockBeats data, over 60 hacking incidents were reported during this period, resulting in a total loss of $1.63 billion. This marked a substantial jump from the $706 million lost in the corresponding quarter of 2024, demonstrating a dramatic increase in cybersecurity threats within the cryptocurrency industry.