Crypto thefts soared to a staggering $2.47 billion in the first half of 2025, fueled by a record-breaking $1.5 billion attack on ByBit, attributed to North Korean hackers targeting Ethereum on various platforms. This surge highlights alarming vulnerabilities and significantly impacts market liquidity. The hack resulted in major financial losses for users and has prompted calls for increased security measures from industry experts. 2025 started with a significant increase in theft, exceeding $2.47 billion, largely driven by the ByBit breach that affected Ethereum on various platforms. This event stands as the largest single-event theft in the cryptocurrency industry, according to CertiK’s official reports. The attack heavily impacted Ethereum and Sui chains, leading to a decline in Total Value Locked (TVL). This has sparked concern among policymakers and firms, who are working to strengthen security protocols with real-time monitoring, while users have been urged to adopt stronger wallet security measures. Experts believe that proactive efforts like community-driven governance solutions and enhanced wallet security will be critical in mitigating future losses.