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Economic Times
a day ago
- Business
- Economic Times
Mid-year update: Crypto thefts top $2.17 billion in 2025, shows data
AP Crypto thefts in 2025 had already crossed USD 2.17 billion before last week's USD 44 million CoinDCX hack, underlining relentless cyber threat escalation in the digital currency world, according to the latest 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 Paid less than plumbers? The real story of freshers' salaries at Infy, TCS. What if Tata Motors buys Iveco's truck unit? Will it propel or drag like JLR? As deposit ground slips under PSU banks' feet, they chase the wealthy If data is the new oil, are data centres the smokestacks of the digital age? Stock Radar: M&M likely to break out from 1-year consolidation range; time to buy? Will consumer stocks see a comeback this festive season? 12 stocks to keep an eye on even when analysts are not bullish Don't fear volatility, focus on businesses: 5 mid-cap stocks from different sectors with upside potential of up to 27% Best way to deal with volatility, just ' Hold' for wealth creation: 7 large-cap stocks with an upside potential of up to 41%
Time of India
a day ago
- Business
- Time of India
Mid-year update: Crypto thefts top $2.17 billion in 2025, shows data
Academy Empower your mind, elevate your skills Crypto thefts in 2025 had already crossed USD 2.17 billion before last week's USD 44 million CoinDCX hack , underlining relentless cyber threat escalation in the digital currency world, according to the latest 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 $1.5 billion hack of ByBit, the largest single hack in crypto history, accounts for the majority of service 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 report revealed that threat actors who have compromised services tend to exhibit higher levels of sophistication than those targeting personal 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 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 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 total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on 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 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.
Time of India
a day ago
- Business
- Time of India
Crypto security: Crypto thefts in 2025 surpass $2.17 billion; India's CoinDCX breach adds to global surge driven by ByBit mega heist
Crypto thefts have crossed a staggering $2.17 billion in the first half of 2025, already eclipsing the full-year toll of 2024, according to blockchain analytics firm Chainalysis. The sharp spike in crypto-related crime highlights growing vulnerabilities in digital asset platforms, with large-scale, sophisticated attacks becoming increasingly frequent. The figure, which excludes last week's $44.2 million (Rs 378 crore) breach at Indian exchange CoinDCX, marks a 17% jump in year-to-date (YTD) losses over 2022—the previous worst year for crypto thefts, PTI reported. Chainalysis' mid-year crypto crime report attributes the majority of these losses to the $1.5 billion ByBit exploit, the single largest crypto hack in history. That attack alone accounted for nearly 69% of total crypto service thefts in 2025. "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," the report said. The report identifies major victim regions as the US, Germany, Russia, Canada, Japan, Indonesia and South Korea. Eastern Europe, MENA, and Central and Southern Asia and Oceania (CSAO) saw the most rapid growth in the number of victims from H1 2024 to H1 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo In India, CoinDCX confirmed in its First Incident Report on Sunday that the breach was limited to an internal operational account, and all customer funds remained secure. 'The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves,' co-founders Sumit Gupta and Neeraj Khandelwal said on social media platform X. The CoinDCX incident comes less than a year after WazirX lost over $230 million in a cyberattack, prompting scrutiny of crypto platform security in India. Other major global hacks this year include Cetus Protocol (losses of $200–260 million in May) and BigONE (a $27 million theft in July), Chainalysis noted. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
a day ago
- Business
- News18
Mid-year update: Crypto thefts top USD 2.17 billion in 2025, shows data
New Delhi, Jul 21 (PTI) Crypto thefts in 2025 had already crossed USD 2.17 billion before last week's USD 44 million CoinDCX hack, underlining relentless cyber threat escalation in the digital currency world, according to the latest 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 USD 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. PTI MBI ANK MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
5 days ago
- Business
- Yahoo
North Korean hackers blamed for record spike in crypto thefts in 2025
Hackers have stolen more than $2 billion in crypto during the first half of 2025, according to new data from crypto analysis firm Chainalysis, marking the worst year-to-date on record for crypto thefts. The blockchain analysis company said Thursday in a new report that the $2.17 billion stolen during the first half of 2025 has already surpassed the amount of crypto lost last year. Not only that, the amount of cryptocurrency stolen during the first six months of 2025 was about 17% higher than the same period in 2022, which was previously the worst year on record for stolen crypto. Much of the stolen crypto this year was attributed to a single breach at crypto exchange ByBit, which saw North Korean hackers steal more than $1.4 billion in crypto, much of it subsequently laundered and funneled into the North Korean regime, per the FBI. Chainalysis said the ByBit hack falls within a broader pattern of North Korean hacks, which have 'become increasingly central to the regime's sanctions evasion strategies.' North Korea, largely cut off from the outside world and the international banking system, has become a formidable threat in recent years by targeting Western companies to steal cryptocurrency with the aim of funding its sanctioned nuclear weapons program. North Korea has also relied on thousands of remote IT workers, who infiltrate tech companies to earn a wage, steal intellectual property, and then extort companies into paying so as not to publish their sensitive files. According to an earlier Chainalysis report, North Korean hackers were blamed for almost two-thirds of all crypto hacks during 2024.
