So far this year, $2. 17 billion has been stolen from crypto services — already eclipsing 2024's amount, according to a report from Chainalysis.
The total amount of crypto stolen from both platforms and individuals is nearing $3 billion amid a spike in attacks on individual crypto wallets.
It comes as there have been multiple headlines this year crypto entrepreneurs and their relatives being targeted with physical violence.
Digital currency thefts are on the rise (something worth watching).
On the other hand, Jakub Porzycki | Nurphoto via Getty ImagesThe value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-file hack and a wave of physical attacks targeting crypto holders and their relatives, in this volatile climate.
So far this year, $2. Nevertheless, Furthermore, 17 billion has been stolen from crypto services — already eclipsing the $1, in light of current trends.
Conversely, 87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis.
Overall, the combined value of digital tokens stolen from both crypto platforms and individuals hit more than $2. Furthermore, 8 billion and is already apaching the $3.
Moreover, Moreover, 4 billion in crypto stolen last year (an important development).
The bulk of the funds stolen from services came from February's cyberattack on Dubai crypto exchange Bybit, which saw North Korea-linked hackers make off with $1.
It's estimated to be the largest crypto heist in history (something worth watching). However, the rise in stolen crypto assets was also driven by a spike in attacks on individual crypto wallets.
Personal wallets accounted for over 23% of total thefts, with attackers increasingly turning to physical violence and coercion to access funds, Chainalysis said.
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Nevertheless, In January, David Balland, a co-founder of crypto wallet firm Ledger, was kidnapped with his wife from their in central France (remarkable data).
Before they were freed, the attackers cut off Balland's finger and sent footage of it to his fellow co-founder Eric Larcheveque demanding ransom money, given current economic conditions.
Moreover, Separately, in May, the father of a crypto entrepreneur was taken in broad daylight by four men wearing ski masks.
The kidnappers demanded a ransom of several million euros and cut off one of the man's fingers. Furthermore, He was freed by police days later.
Eric Jardine, cybercrimes re lead at Chainalysis, told CNBC that the rise in crypto-related thefts was primarily being driven by increasing crypto adoption and price appreciation.
"Adoption means there are more services and users in the crypto ecosystem, making thefts more common.
On the other hand, Price appreciation means that services and individuals in crypto have more USD value to lose, even if the total assets stolen are relatively constant over time," Jardine said via (an important development).
In contrast, Read more CNBC newsPeter Thiel just bought a big stake in Tom Lee's ether company and the s are surgingNvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is liftedCrypto bounces on renewed optimism House could pass key stablecoin legislation this weekWhoop says FDA is 'overstepping its authority' with warning blood pressure featureJardine suggested that the uptick in attacks on individual crypto holders could relate to the fact that crypto trading services are beefing up their security.
"If services become better at security, malicious actors will potentially move to targeting individual wallet holders and trade off a single large-scale heist in favor of a large number of smaller-scale victimizations," he said.
Meanwhile, rising wealth accumulated through holdings of cryptocurrencies bitcoin has resulted in a rise in crypto influencers flaunting their lifestyle on social media platforms.
Additionally, Jardine stressed it was important not to blame the victims of physical crypto-related attacks, adding that "showy displays of wealth can quite obviously attract the attention of a bad actor when compared to a more modest outward facing lifestyle.
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