$2.17 Billion Stolen: Why 2025 is Already the Worst Year on Record for Crypto Services

The first half of 2025 recorded an unprecedented $2.17 billion in crypto service losses, primarily driven by a single $1.5 billion megahack on the centralized exchange Bybit and an alarming surge in sophisticated, state-sponsored cybercrime. This catastrophic surge, which eclipsed the total losses of the prior year, signals a dangerous shift in attack vectors toward private key compromise, operational security failures, and geopolitical targeting