Crypto hacks top $1.6B in Q1 2025 — PeckShield

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 caused $126 million in losses. This included a $50-million exploit targeting Infini, a $9.5-million hack on zkLend and an $8.5-million loss from Ionic.  

Hack-related losses dropped significantly in March, decreasing by 97% from February. PeckShield reported only $33 million in crypto assets were stolen last month. Some funds were even recovered, helping offset damage to users and protocols.