Hacken's latest report reveals that human behavior and AI tools are increasingly contributing to crypto security threats, with access control failures leading to significant losses.
In the first half of 2025, the crypto sector experienced losses exceeding $3.1 billion, surpassing all of 2024. Access control failures accounted for $1.83 billion, with the Bybit exploit being the largest at $1.46 billion. Phishing scams represented around $600 million in losses, including a notable case of $330 million involving an elderly victim. The report underscores the urgent need for enhanced security protocols in the rapidly evolving crypto landscape.