Crypto Hacks Hit $3.4 Billion in 2025, With Bybit Breach Accounting for $1.5 Billion

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According to Chainalysis, cryptocurrency theft reached $3.4 billion from January through early December 2025, with the Bybit exchange hack on February 21 alone accounting for $1.5 billion. The FBI attributed the attack to North Korea's Lazarus Group, specifically the TraderTraitor cluster, involving approximately 401,000 ETH drained from Bybit's signing infrastructure. North Korean state-aligned hackers stole at least $2.02 billion in 2025, representing a 51% year-over-year increase and pushing their cumulative total to $6.75 billion, according to Chainalysis data.
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