The encryption breakthroughs amounted to $ 1.6 billion in the first quarter of 2025: Bybit, PhenEx
Crypto Hacks increased to record levels in the first quarter of 2025, with losses exceeding $ 1.6 billion, according to new data from Blockchain IMMUNEFI.
This represents the worst quarter ever in the digital asset industry in terms of security violations, which spoils the lost $ 706 million in the same period last year.
Most of these losses stem from two main attacks targeting central exchanges – BIB BIB and Phenex – weaknesses in the platforms that are often seen as safer.
The central platforms lasted 94 % of the first quarter losses
Of a total of $ 1.6 billion, he lost breaches in the first quarter of 2025, IMMUNEFI Data It reveals that 94 % came from central exchange violations.
Bybit alone exploited $ 1.46 billion, while PHEMEX was attacked by a total of $ 69.1 million.
Completely, these two incidents make up $ 1.52 billion of losses, which represents almost all damage during the quarter.
In contrast, decentralized financing protocols (Defi) made up only 6 % of the total losses in the quarter.
While Defi is often criticized due to safety weaknesses, quarter -1 data reflects a major shift in the risk scene, with central platforms now more frequent goals.
BnB 19 times hit, Ethereum 15
According to data from Blockchain Analytics Peckshield, the BNB’s Binance (Binance Smart Perch series previously) was the most exploited Blockchain network during a quarter, with 19 registered accidents.
#PECKSHIELDALERT Q1 2025 60+ encrypted breakthroughs, which led to a total loss of $ 1.63 billion, with an increase of YOY by 131 % compared to 706 million dollars in the first quarter of 2024. March 20 2025 recorded 20 penetrations, which led #1inchWhich was 90 % recovery.
Ethereum 15 follows a separate useful.
The data supports the idea that the largest networks and use widely attract more attention than infiltrators, perhaps because of the huge size of the assets and the activity they host.
These incidents range from weaknesses in the smart nodes to weaknesses and targeted infrastructure.
March witnessed 20 penetrations, 33 million dollars lost
March 2025 alone recorded 20 separate encoded penetrations, which led to $ 33.46 million of total losses.
Among the largest of these incidents, the exploitation of $ 13 million included a Abini indelible borrowing protocol.
Another prominent case was the penetration of $ 8.32 million affecting Zoth, which is the Blockchain -based financial system.
March has also seen a breakthrough on ZKLEND, which is a Defi lender based on Starknet, adding to the growing list of affected projects and highlighting risks in ecosystems with zero knowledge.
These smaller attacks may seem small compared to the beemex and pyex violated violations, but they have contributed together to the increasing incidents targeting digital assets this year.
It also reflects the constant threat of the background that affects a wide range of protocols, regardless of size or popularity.
The state -backed actors may participate
IMMUNEFI analyzers highlight the potential participation of state -backed piracy groups in BYPIT and PhenEx violations.
The capacity of the attackers raised the violation of “tested” platforms on the battle with concerns all over the industry.
While no entity linked to the government has been officially named, experts suggest that the size and development of these attacks may refer to actors with large resources and technical ability.
The focus is now on improving comprehensive security for encryption platforms, especially central exchanges.
The stakeholders in the industry are increasingly under pressure to publish measures that exceed standard protection tools, as attackers continue to overcome traditional guarantees.
Post -encryption breakthroughs amounted to $ 1.6 billion in the first quarter of 2025: Beet appeared, and he appeared among the largest victims first on Invezz
