According to CertiK, a blockchain security firm, hackers stole $1.67 billion worth of crypto in the first quarter of 2025, marking a 303% increase from the previous quarter.
This amount accounts for two thirds of the total stolen in 2024, with the majority of losses in Q1 attributed to the $1.45 billion Bybit hack.
CertiK’s analysis of 197 hacking incidents in Q1 revealed that 98 of them occurred on Ethereum.
Following the Bybit hack, the next two largest hacks were the $71 million Phemex heist in January and the $49.5 million exploit on crypto neobank Infini.
Phishing attacks, which involve stealing credentials to access personal accounts, accounted for 81 incidents, while there were 15 incidents of private key compromise.
Only 0.38% of stolen funds in Q1 have been returned, compared to 42.09% in the previous quarter, resulting in a higher adjusted loss. In February, no stolen funds were returned at all.
