In just the first half of 2025, crypto thefts have surged past $2.17 billion globally, marking a troubling uptick compared to previous years.

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The ByBit hack alone contributed $1.5 billion to these losses, making it the single largest cryptocurrency theft in history.

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Chainalysis reports that 2025 has already overtaken 2024 in terms of crypto losses, with a 17% year-to-date increase compared to 2022, previously the worst year on record.

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The rise in hacks is being driven by state-backed and highly sophisticated cybercriminal groups, signaling an alarming evolution in threat complexity.

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Regions including Eastern Europe, MENA, and South Asia have seen the most aggressive growth in victim counts between H1 2024 and H1 2025.

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India is under mounting crypto risk, as CoinDCX suffered a $44.2 million hack recently, while WazirX lost over $230 million in a similar breach last year.

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Despite public reassurances, the CoinDCX breach—confined to internal systems—has intensified scrutiny on Indian exchanges and their security protocols.

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Other major incidents like Cetus Protocol ($200M+) and BigONE ($27M) reinforce that 2025 is shaping up to be the most devastating year in crypto crime history.

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