Crypto hackers stole $1.67 billion in Q1, up 300% from previous quarter: CertiK

Crypto Investors Suffer $1.67 Billion Losses Due to Hacking, Exploits in Q1: CertiK

This figure increased by 303% compared to the previous quarter.

Oliver Knight | Edited by Parikshit Mishra Apr 2, 2025 10:06 UTC

What you should know:

• The three biggest incidents were the $1.45 billion Bybit loss, the $71 million Phemex theft, and the $49.5 million Infini exploit.
• CertiK investigated 197 hacks in the first quarter, 98 of which took place on the Ethereum blockchain.
• In the first quarter, hackers managed to recover only 0.38% of the stolen funds, compared to 42.09% in the previous quarter.

Blockchain security company CertiK reported that hackers stole $1.67 billion worth of cryptocurrency in the first quarter of 2025, up 303% from the previous quarter.

This amount represents two-thirds of the total amount of funds stolen in 2024, although it is important to note that a significant portion of the losses in the first quarter is due to the $1.45 billion Bybit hack.

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Additionally, CertiK analyzed 197 hacks in Q1, of which 98 occurred on Ethereum.

The two biggest thefts since Bybit include the $71 million Phemex theft in January and the $49.5 million exploitation of crypto neobank Infini.

Phishing attacks, in which attackers steal victims' credentials to access personal accounts, remain the most common attack method, accounting for 81 incidents. There were also 15 cases of private key compromise.

Only 0.38% of stolen funds were recovered in the first quarter, compared to 42.09% in the previous quarter, significantly increasing the adjusted losses. No stolen funds were recovered in February.

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