Crypto Theft Losses Hit Record $4.04B in 2025, Up 34.2% Year-on-Year

Crypto-related theft losses reached a record $4.04B in 2025, up about 34.2% from $3.01B in 2024, driven mainly by systemic weaknesses in centralized infrastructure and a strategic shift toward targeted social engineering attacks, PeckShield data show. Hacking incidents accounted for $2.67B in losses, an increase of roughly 24.2% year-on-year, while scams led to $1.37B in losses, up about 64.2%. Approximately $334.9M in stolen crypto was recovered or frozen in 2025, compared with $488.5M in 2024.