Hackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to blockchain security firm PeckShield.
PeckShield reported that over $87 million in crypto was lost to hacks in January, while February saw a dramatic spike to $1.53 billion, largely due to the Bybit attack. That incident was one of the largest crypto thefts to date.
In addition to the Bybit hack, other attacks in February data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bybit-hack-leads-crypto-losses-february-certik” rel=”null” target=”null” text=”null” title=”null”>caused $126 million in losses. This included a data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/infini-loses-50-m-in-exploit-developer-deception-suspected” rel=”null” target=”null” text=”null” title=”null”>$50-million…
