Crypto Hacks Surge in Q1 2025: $1.63B Stolen, YoY Increase of 131%

The first quarter of 2025 witnessed a surge in cryptocurrency attacks, resulting in over $1.6 billion stolen across more than 60 incidents. This represents a significant increase from the previous year, with losses surging by 131% compared to Q1 2024. According to statistics provided by PeckShieldAlert, attackers stole an amount of $1.63 billion in the first quarter of 2025. March 2025 marked the final month of the quarter and saw 20 reported hacks leading to $33.46 million in losses. One notable development during March was the successful recovery of 90% of funds from a $5 million hack affecting the 1inch protocol.