Crypto safety: Crypto thefts in 2025 surpass $2.17 billion; India’s CoinDCX breach adds to global surge driven by ByBit mega heist

Crypto thefts have crossed a staggering $2.17 billion in the primary half of 2025, already eclipsing the full-year toll of 2024, in accordance to blockchain analytics agency Chainalysis. The sharp spike in crypto-related crime highlights rising vulnerabilities in digital asset platforms, with large-scale, refined assaults turning into more and more frequent.The determine, which excludes final week’s $44.2 million (Rs 378 crore) breach at Indian change CoinDCX, marks a 17% soar in year-to-date (YTD) losses over 2022—the earlier worst 12 months for crypto thefts, PTI reported.Chainalysis’ mid-year crypto crime report attributes nearly all of these losses to the $1.5 billion ByBit exploit, the one largest crypto hack in historical past. That assault alone accounted for almost 69% of complete crypto service thefts in 2025.“The sophistication and scale of this attack underscore the evolving capabilities of state-sponsored threat actors in the crypto space, and comes after a notable slowdown in the second half of 2024,” the report mentioned.The report identifies main sufferer areas because the US, Germany, Russia, Canada, Japan, Indonesia and South Korea. Eastern Europe, MENA, and Central and Southern Asia and Oceania (CSAO) noticed essentially the most fast development in the variety of victims from H1 2024 to H1 2025.In India, CoinDCX confirmed in its First Incident Report on Sunday that the breach was restricted to an inner operational account, and all buyer funds remained safe. “The total exposure is being absorbed entirely by CoinDCX, using the company’s treasury reserves,” co-founders Sumit Gupta and Neeraj Khandelwal mentioned on social media platform X.The CoinDCX incident comes lower than a 12 months after WazirX misplaced over $230 million in a cyberattack, prompting scrutiny of crypto platform safety in India.Other main global hacks this 12 months embody Cetus Protocol (losses of $200–260 million in May) and BigONE (a $27 million theft in July), Chainalysis famous.