Blockchain Intelligence Enterprise TRM Labs said crypto private key exploits and front-end compromises have calculated most of the $2.1 billion worth of cryptocurrencies, losing attacks in the first half of 2025.
More than 80% of cryptocurrencies have been stolen 75 hacks so far, carried out in so-called infrastructure exploits, which, on average, is 10 times more than TRM Labs and 10 times more than other attack types explain In Thursday’s report.
Infrastructure attacks target the technical backbone of the system to gain unauthorized control, mislead users or rerout assets.
These include attacks that hijack crypto wallets Private Seed Phrase Or leverage the user-oriented part of the encryption protocol.
“These methods take advantage of fundamental weaknesses in cryptographic systems and are often amplified by social engineering.”
Protocol exploits fuel tides that contribute to illegal encryption activities
Another major successful attack vector is protocol utilization, including Flash loan and re-entry attackaccounting for 12% of the losses in the first half of the year.
“These attacks target vulnerabilities in the smart contract or core logic of the blockchain protocol to withdraw funds or disrupt system behavior,” TRM Labs explained.
Overall, losses in the first half of 2025 exceeded the records before 2022, about 10%, almost equaling the total losses in 2024, TRM Labs said: “Highlighting the increasingly concentrated threat to digital assets.”
State-sponsored attacks cause most of the losses
North Korea’s $1.5 billion hacker Dubai-based crypto exchange BYBIT in February so far accounts for nearly 70% of the total losses in 2025.
The attack also raised the average hacker size to nearly $30 million, twice the average in the first half of 2024.
However, according to TRM Labs, January, April, May and June are still See more than $100 million in theft total.
Pro-Israel hacking group Gonjeshke Darande or predatory sparrows (possibly linked to the Israeli government) also helps to improve the average Take advantage of Iran’s largest crypto exchangeNobitex, June 18 for $100.
Related: Crypto Hacks $1.6B $1.6B in Q1 2025 – Peckheard
“H1 2025 marks a critical shift in crypto hacking: increasing strategic intentions from state actors and other geopolitical groups,” TRM Labs said.
“Multi-faceted collaboration” required to crack down on bad actors
TRM Labs said the crypto industry needs to strengthen basic security, such as multi-factor authentication, refrigeration, frequent audits and prioritize countermeasures for insider threat detection and advanced social engineering.
It added that there is also a need for “multi-faceted collaboration” between global law enforcement, financial intelligence agencies and blockchain intelligence companies.
“The H1 2025 record theft is a stark appeal for collective, ongoing and strategic security postures, not only for crime but also for the secret actions of the Secret Act,” said TRM Labs.
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