A new report reveals a alarming rise in cryptocurrency hacks, with almost $2.5 billion stolen during the first half of 2025. This figure already surpasses the total losses recorded for all of 2024 and highlights a growing security challenge within the crypto industry. Blockchain security firm CertiK reports that nearly 344 hacking incidents contributed to these staggering losses, with significant portions of the funds belonging to Ethereum ($1.63 billion), Lido Staked Ether (stETH), and Crypto.com’s token ($CRO). The report also points out the involvement of major players including exchanges like Bybit and Crypto.com, which have been at the center of several high-profile hacks. Exchanging security remains under scrutiny as investigations into both breaches and their potential coverups continue. Despite security advancements, losses per breach remain significant, averaging $7.1 million each. The report emphasizes that while some improvements in cybersecurity measures were observed, the ongoing nature of attacks highlights the need for constant innovation and development within the industry. The community is advocating for greater transparency and decentralized practices to address these growing threats.