{"id":126228,"date":"2025-04-01T10:17:38","date_gmt":"2025-04-01T10:17:38","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126228"},"modified":"2025-04-01T10:17:38","modified_gmt":"2025-04-01T10:17:38","slug":"crypto-hacks-top-1-6b-in-q1-2025-peckshield","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126228","title":{"rendered":"Crypto hacks top $1.6B in Q1 2025 \u2014 PeckShield"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsHackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to blockchain security firm PeckShield.<br \/>\nPeckShield reported that over $87 million in crypto was lost to hacks in January, while February saw a dramatic spike to $1.53 billion, largely due to the Bybit attack. That incident was one of the largest crypto thefts to date.<br \/>\nIn addition to the Bybit hack, other attacks in February caused $126 million in losses. This included a $50-million exploit targeting Infini, a $9.5-million hack on zkLend and an $8.5-million loss from Ionic.\u00a0\u00a0<br \/>\nHack-related losses dropped significantly in March, decreasing by 97% from February. PeckShield reported only $33 million in crypto assets were stolen last month. Some funds were even recovered, helping offset damage to users and protocols.<br \/>\nCrypto hacks saw a 131% year-over-year increase<br \/>\nAccording to PeckShield, the first quarter of 2025 saw more than 60 crypto hacks. The blockchain security firm said the $1.63 billion loss in Q1 2025 represented a 131% year-over-year increase from the first quarter of 2024, when losses reached $706 million.<br \/>\nThe largest incident in March was a $13 million exploit involving decentralized finance protocol Abracadabra.Money. PeckShield said the attacker drained 6,260 Ether (ETH) from the protocol on March 25.<br \/>\nCrypto hack losses in March. Source: PeckShieldRelated: North Korean crypto attacks rising in sophistication, actors \u2014 Paradigm<br \/>\nThe second-biggest incident during the month was an $8.4-million hack on the real-world asset (RWA) restaking protocol Zoth.\u00a0<br \/>\nOn March 21, security firm Cyvers flagged a suspicious Zoth transaction, an attacker withdrawing $8.4 million from the protocol&#8217;s wallets. The assets were converted into a stablecoin and transferred to another address.\u00a0<br \/>\nWhile millions were lost in March, some cases saw assets being returned. On March 7, a crypto hacker who stole $5 million from decentralized exchange (DEX) 1inch returned 90% of the funds.\u00a0<br \/>\nAfter a smart contract vulnerability was exploited, the DEX offered a 10% bounty to the attacker, worth $500,000, in exchange for returning the rest of the crypto assets. The hacker obliged and sent back $4.5 million to 1inch.\u00a0<br \/>\nMagazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/crypto-hack-losses-q1-2025-peckshield?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsHackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126228"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126228"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126228\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126228"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}