
Mid-year update: Crypto thefts top $2.17 billion in 2025, shows data
Blockchain analytics platform Chainalysis' 2025 crypto crime mid-year update says that over USD 2.17 billion was stolen from cryptocurrency services so far in 2025, and "this year is more devastating than the entirety of 2024".
By the end of June 2025, 17 per cent more value had been stolen year-to-date (YTD) than in 2022, previously the worst year on record. The $1.5 billion hack of ByBit, the largest single hack in crypto history, accounts for the majority of service losses. So far in 2025, significant concentrations of stolen fund victims have emerged in the US, Germany, Russia, Canada, Japan, Indonesia, and South Korea, it said. "Regionally, Eastern Europe, MENA, and CSAO (Central and Southern Asia and Oceania) saw the most rapid H1 2024 to H1 2025 growth in victim totals," it said. The report revealed that threat actors who have compromised services tend to exhibit higher levels of sophistication than those targeting personal wallets.
At USD 1.5 billion, the ByBit hack not only represents the largest crypto theft in history, but also accounts for approximately 69 per cent of all funds stolen from services this year, Chainalysis said. "The sophistication and scale of this attack underscore the evolving capabilities of state-sponsored threat actors in the crypto space, and comes after a notable slowdown in the second half of 2024," it added. The report assumes significance in the backdrop of Indian cryptocurrency exchange CoinDCX suffering a security breach, resulting in theft of USD 44.2 million, or Rs 378 crore. CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal took to the social media platform X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account. The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on Sunday. Last year, crypto exchange WazirX faced a hack in India, leading to the loss of more than USD 230 million, and marking one of the biggest such heists in India. The theft had prompted a thorough examination of safety measures and eroded sentiments.
Among other notable cryptocurrency thefts are those involving Cetus Protocol, which saw losses estimated between USD 200-260 million in May this year, and BigONE, which suffered a theft of USD 27 million in July 2025. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt
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Mint
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — 29 July 2025
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Business Standard
28 minutes ago
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Barabanki stampede: 2 dead, 47 injured; UP govt announces ₹5 lakh ex-gratia
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"The news of the death of two devotees due to an electric shock and several others being injured is distressing. We express our deep condolences to the grieving families and pray for the speedy recovery of the injured," it posted on X. "This incident points to serious deficiencies in the arrangements. Robust security and crowd management measures are extremely necessary at religious sites. We demand that the government provide appropriate compensation and all possible assistance to the affected families," the Congress state unit said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Mint
28 minutes ago
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Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 29 July 2025
Breakout stocks buy or sell: The Indian stock market extended its losing streak for the third straight session on Monday, July 28, closing in the red amid continued pressure from heavy FPI outflows, disappointing corporate earnings, and ongoing uncertainty surrounding India-US trade discussions. The Sensex ended the day 572 points, or 0.70%, lower at 80,891.02, while the Nifty 50 declined by 156 points, or 0.63%, to settle at 24,680.90. Meanwhile, the broader markets also witnessed a downturn, with the BSE Midcap index slipping 0.73% and the Smallcap index dropping 1.31%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has further weakened as the Nifty 50 index has slipped below 24,700 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index has crucial support placed at 24,500 and it is facing resistance at 24,900. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." 1] Jagsonpal Pharmaceuticals: Buy at ₹ 287.8, target ₹ 308, stop loss ₹ 277; 2] Sterlite Technologies: Buy at ₹ 126.2, target ₹ 135, stop loss ₹ 122; 3] Cartrade Tech: Buy at ₹ 2066.9, target ₹ 2200, stop loss ₹ 1980; 4] Vijaya Diagnostic Centre: Buy at ₹ 1141.35, target ₹ 1222, stop loss ₹ 1100; 5] Advait Energy Transitions: Buy at ₹ 2316, target ₹ 2500, stop loss ₹ 2222. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.