The post Crypto hacks surge in Q1 2025: $1.63B stolen, up 131% YoY appeared on BitcoinEthereumNews.com.
The opening quarter of 2025 has seen an increase in cryptocurrency attacks when hackers walked away with $1.63 billion across over 60 incidents. This is a 131% growth from the $706 million lost in Q1 2024 according to statistics provided by PeckShieldAlert. March 2025 concluded the quarter with 20 reported crypto hacks that resulted in $33.46 million in losses. One of the more positive developments during the month was the recovery of 90% of funds from a $5 million hack affecting the 1inch protocol. Abracadabra lost the highest in March March 2025 was marked by ongoing targeted attacks against cryptocurrency platforms and protocols. According to the figures, Abracadabra.money endured the biggest loss of $13 million. It alone contributed close to 39% of the total crypto theft in the month. The second largest was the hack that hit the Zoth protocol, with hackers stealing $8.32 million. The 1inch protocol had a $5 million hack. Security teams, however, recovered 90% of these funds. Hyperliquid and WeKey completed the top five victims and lost $4 million and $700,000 respectively. Statistics from CertiK Alert give more insight into the March events, which indicate that nearly $28.8 million was lost through exploits, hacks, and scams. The analytics firm further reported that about $4.5 million of the monthly total losses originated from phishing attacks. PeckShield monitored various fund flows such as 193 ETH, 1,014.5 BTC, 368 SOL, 205.8 XRP, and 381.05 BNB transferred by attackers across various cryptocurrency networks. CertiK’s report leaves out a $32 million reported theft from a Coinbase user. This event has been monitored separately from protocol-level exploits. #PeckShieldAlert Q1 2025 witnessed 60+ crypto hacks, resulting in total losses of $1.63B, a YoY increase of 131% compared to $706M in Q1 2024. March 2025 recorded 20 crypto hacks, resulting in $33.46M in losses,…