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.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.
