Crypto-related scams and hacks drained more than $4.04 billion from users and platforms in 2025, according to data shared by blockchain security firm PeckShield.
The figures point to a clear shift toward targeted social engineering and attacks on centralized players, with scams alone rising far faster than technical exploits.
Scams and Centralized Attacks Drove 2025 Losses
PeckShield said total crypto losses in 2025 rose about 34% from 2024, with $2.67 billion tied to hacks and $1.37 billion linked to scams.
Scam losses jumped roughly 64% year-on-year, outpacing the growth in direct protocol exploits. However, the larger issue was higher per-case losses, often tied to tailored phishing and impersonation campaigns targeting high-value individuals.
More than 200 hack incidents were recorded during the year, excluding scams. February accounted for the largest single-month loss on record after a $1.51 billion breach at Bybit, which PeckShield now ranks as the largest hack in crypto history
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