Emre Yumlu 
Crypto attacks caused a loss of $1.63 billion in Q1 2025, marking a 131% year-over-year increase.
Crypto Attacks in Q1 2025: Bybit Breach in the Spotlight
Blockchain security firm PeckShield reported that over $1.63 billion in cryptocurrency was stolen in the first quarter of 2025, with the majority of the losses attributed to the Bybit breach. In January, $87 million worth of cryptocurrency was lost, while attacks surged in February, reaching $1.53 billion. This significant increase was largely tied to the Bybit attack, which became one of the largest crypto thefts to date.
In addition to the Bybit breach, other attacks in February also contributed to the losses, including a $50 million attack on the Infini protocol, a $9.5 million hack on zkLend, and $8.5 million in losses from Ionic.
Hack incidents decreased significantly in March, with a 97% drop in losses. PeckShield reported that only $33 million worth of crypto assets were stolen in March, and some funds were recovered, partially offsetting the damage to users and protocols.
Over 60 Crypto Attacks in Q1
According to PeckShield, over 60 crypto attacks occurred in the first quarter of 2025, resulting in $1.63 billion in losses, a 131% increase compared to the same period in 2024. The largest attack in March was a $13 million exploit targeting the Abracadabra.Money DeFi protocol. Additionally, an $8.4 million attack on the Zoth RWA restaking protocol gained attention.
In March, total losses decreased by 97% to $33 million, with some assets being returned. For example, 90% of the $5 million stolen from the 1inch exchange was returned by the hacker.
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