Chainalysis reports an alarming rise in crypto thefts, with North Korea’s $1.5 billion ByBit hack marking a significant turning point for security in the industry.
Chainalysis reveals that cryptocurrency thefts have exceeded $2.17 billion in the first half of 2025, surpassing all losses from 2024. The report highlights North Korea's $1.5 billion hack of ByBit as a major contributor, accounting for 69% of the losses. Personal wallet thefts now represent 23.35% of total thefts, with a projected annual total potentially reaching $4 billion. The report notes increased incidents of physical robberies and a correlation between Bitcoin price volatility and violent attacks on cryptocurrency holders.