The era of the simple crypto hack is starting to fade. According to new data from CertiK, crypto thieves stole $3.3 billion in 2025. While staggering, it tells a surprising story: protocol security is actually improving significantly. The number of individual attacks dropped, suggesting that major platforms are harder to breach. However, when hackers do get in, they are doing much more damage — they have pivoted from looking for code bugs to executing massive supply-chain attacks.
Crypto hacks by amount and incident, yearly chart. Source: CertiK
The most jarring example was the $1.4 billion breach at Bybit in February. While the median loss per hack fell to about $104,000, the average loss jumped to $5.3 million because of these massive, coordinated strikes.
Crypto hacks by incident type and amount of losses, one-year chart. Source: CertiK
The Devastating Rise of Pig Butchering Scams
Phishing has evolved into something far more sinister, accounting for $722 million in losses. The most heartbreaking trend is the rise of pig butchering scams — long-game psychological operations that can last months.
Pig butchering victim stats, grooming time. Source: Cyvers
About 10% of victims are manipulated for up to three months before they are defrauded of their life savings. These tactics cost individuals a collective $5.5 billion in 2024. The message is clear: the biggest threat to your crypto today isn't a bug in the software — it's the person on the other end of the screen.
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