Stolen Crypto Funds Surpassing 2024 Totals Only Halfway Through 2025: Chainalysis

The world of cryptocurrency has been hit with a wave of devastating attacks, leaving investors reeling and experts warning of a potential record-breaking year in crypto theft. According to blockchain data research firm Chainalysis, North Korean hackers are on track to make 2025 the biggest year in crypto theft history.

In its 2025 Crypto Crime Mid-Year Update, Chainalysis revealed that losses have already surpassed the total losses from 2024, with over $2.17 billion stolen from cryptocurrency services so far this year. The Democratic People's Republic of Korea (North Korea) is responsible for the majority of service losses, with a staggering $1.5 billion hack of ByBit, the largest single hack in crypto history.

Current trends indicate that hackers have stolen 17% more than they did by this time in 2022, making this year the worst on record. If the scams continue at their current pace, crypto could see over $4 billion stolen by the end of the year.

The Rise of Personal Wallet Compromises

Chainalysis finds that personal wallet compromises now represent a growing share of total ecosystem theft. Attackers are increasingly targeting individual users, making up 23.35% of all stolen fund activity so far this year.

This shift towards individual user attacks is a significant concern for the crypto community, as it highlights the need for greater awareness and education on secure wallet practices and best security measures.

The Growing Threat of Physical Violence

Chainalysis also notes that more and more threats are turning to physical violence. "Wrench attacks" – physical violence or coercion against crypto holders – show correlation with bitcoin price movements, suggesting opportunistic targeting during high-value periods.

This trend is a stark reminder of the risks associated with investing in cryptocurrency. As prices fluctuate, so too do the tactics used by hackers and thieves. It's essential for investors to stay vigilant and take necessary precautions to protect their assets.

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