2025 Rug Pulls Fell in Count but Costly: $3.4B Theft, $6B Mantra Loss

In 2025, crypto saw fewer rug pulls but larger losses. Major collapses included Mantra's OM, which plunged over 90% in April as roughly $6 billion evaporated, plus Pi Network's post-mainnet dump and the MetaYield Farm disappearance. Overall theft reached $3.4 billion, with February's $1.5 billion Bybit hack and politically themed memecoins inflicting heavy damage.