Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Front-end and private key exploits drove over $2 billion in crypto thefts during H1 2025: report

Front-end and private key exploits drove over $2 billion in crypto thefts during H1 2025: report

The BlockThe Block2025/06/26 16:00
By:By Naga Avan-Nomayo

Quick Take Infrastructure breaches — private-key thefts, seed-phrase heists, and front-end hijacks — drove 80% of the $2.1 billion stolen in H1 2025, TRM Labs says. The security startup called for improvements in information sharing among industry players and better onchain systems to combat the growing threat.

Front-end and private key exploits drove over $2 billion in crypto thefts during H1 2025: report image 0

Hackers looted $2.1 billion from the cryptocurrency sector in the first half of 2025, and more than 80% of that haul stemmed from infrastructure attacks, blockchain intelligence firm TRM Labs said in a Thursday report .

Private-key thefts, seed-phrase exploits, and front-end hijacks—often enabled by social-engineering or compromised insider access—averaged ten times the size of other exploits, according to TRM. DeFi flaws also remained a problem. Flash loans and re-entrancy exploits on smart contracts accounted for another 12 percent of losses, a sign of prevalent vulnerabilities in onchain protocols.

The six-month tally already rivals all of 2024 and tops the previous H1 record from 2022 by about 10 percent. Notably, one large incident skewed the numbers; February’s $1.5 billion Bybit hack, which TRM attributes to North Korea. That single strike pushed the average hack size to $30 million, double last year’s pace.

TRM estimates North Korea-linked groups stole $1.6 billion, or 70 percent of H1 totals, as the regime leans on crypto theft to fund weapons programs. The report also cites a June breach at Iran’s Nobitex exchange —carried out by the Israel-aligned hacker group Gonjeshke Darande—that resulted in $90 million being sent to “unspendable” wallets during a period of heightened geopolitical tension in the Middle East.

To address the security issues plaguing the crypto industry, TRM urged protocols and services to enhance multi-factor authentication and improve cold storage. The firm also proposed tighter insider-threat defenses while law enforcement agencies boost cross-border coordination.

Crypto also needs better industry-wide teamwork to sustain anti-theft efforts, TRM added. “The path forward requires multifaceted collaboration,” the report said. “H1 2025’s record thefts are a stark call to action for a collective, sustained, and strategically aligned security posture — one prepared not just for crime, but for covert acts of statecraft. Proactive information sharing and coordinated international approaches to prosecuting state-sponsored cybercriminals are paramount for effective deterrence.”


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost