A startling trend has emerged in the crypto industry: record-breaking losses from hacks. CertiK, a blockchain security firm, reports over $2.47 billion stolen in cryptocurrency during the first half of 2025, representing a historical high. This surge highlights critical vulnerabilities impacting both centralized and decentralized platforms worldwide. Ethereum bears the brunt of these losses, accounting for $1.63 billion in thefts – largely due to a breach at Bybit, marking history’s largest crypto theft. This staggering amount raises concerns about the industry’s ongoing security risks. CertiK’s analysis reveals 344 hacking incidents, with substantial net losses exceeding $2.29 billion. While Q2 saw a drop in losses to $801 million, the average damage remains significant. The continued prevalence of vulnerabilities puts the onus on platforms to implement more robust security measures. The impact extends beyond financial loss; it raises questions about the overall safety and trustworthiness of the crypto industry. Regulators haven’t offered concrete action, leaving cybersecurity as a key focus point for discussion. For real-time updates on security alerts, follow CertiK Alert’s Twitter page. Remember, cryptocurrency investments carry inherent risks, so consult a financial advisor before making any decisions.