Crypto Hackers Steal Over $1.6 Billion in Q1 2025

The first quarter of 2025 saw a surge in crypto hacks, leading to significant losses and raising concerns about the security of the industry. New regulations like the U.S. Strategic Cryptocurrency Reserve and the SEC’s Crypto Task Force aimed to bolster regulation, while the EU continued work on its MiCA rules for greater safety and control in the crypto space. Despite these efforts, hackers capitalized on vulnerabilities, leading to a staggering $1.67 billion stolen across 197 incidents in Q1 2025. This is a massive increase of 303.38% compared to the previous quarter, exceeding two-thirds of the total losses recorded in 2024.