Only Halfway Through the Year, the Crypto Industry Has Already Lost IDR 50 Trillion to Scams and Hacks!

Updated

July 25, 2025

Gambar Only Halfway Through the Year, the Crypto Industry Has Already Lost IDR 50 Trillion to Scams and Hacks!

Jakarta, Pintu News – The year 2025 is only halfway through, but the cryptocurrency world is already suffering tremendous losses. According to Hacken’s latest Web3 security report, the global crypto industry has lost more than $3.1 billion or around Rp50.3 trillion in just the first six months.

This number has even surpassed the total losses in 2024. From hacking, phishing scams, smart contract bugs, to AI-based exploitation-cyberattacks in this sector are getting more sophisticated and massive.

Check out the full analysis here!

Bybit is the biggest victim, access control loopholes dominate losses

The biggest incident of the year occurred in February, when the Bybit platform suffered a $1.46 billion exploit. The attack occurred due to a compromise of the “signer” which gave hackers full access to control the wallet.

This case set a record as the largest crypto hack in history, beating previous cases that occurred in the DeFi sector.

Apart from Bybit, major losses also came from the Infini protocol exploit, where a former developer infiltrated and stole $50 million in a single transaction. The zkSync platform also lost $5 million due to a multisig wallet that turned out to have only 1-of-1 validation. Even Iranian crypto exchange Nobitex was affected with a $90 million loss, which is suspected to be politically motivated.

Smart Contract Bugs and Phishing Attacks Continue to Run Rampant

genesis crypto hackers — Generated by Ai

In addition to access control constraints, smart contracts are also a major weak point. During the first half of 2025, the total loss from smart contract bugs and vulnerabilities reached $263 million (IDR 4.27 trillion).

The biggest exploit came from the Cetus protocol, which lost $223 million simply due to a logic overflow error in the liquidity system. This shows that system auditing and testing remains a must before the launch of a crypto project.

Also read: 10 Examples of the Most Popular Crypto in 2025

Meanwhile, phishing and social engineering attacks jumped dramatically, accounting for $600 million in losses, or more than the full-year total in 2024.

One of the biggest cases involved an elderly US investor who lost $330 million in Bitcoin to a very convincing scam. The Coinbase platform also took a major hit, after its customer data was used by scammers posing as an official support team.

AI-Based Exploits Rise 1000%, Attacks Get More Sophisticated

A surprising new trend is the increase in attacks using artificial intelligence . Hacken’s report cites a surge of over 1000% in AI exploits compared to 2023. Many of these are due to insecure APIs, as well as new techniques such as prompt injection, fake agents, and loopholes in toolchains that bypass security systems.

Other modes include fake wallet apps, malicious browser extensions, and smart contracts with hidden token permissions. All of these methods are designed to trick users into approving transactions that drain their funds unknowingly. With attack rates continuing to rise, the first half of 2025 is considered the worst period for Web3 security in recent years.

Conclusion

The spike in attacks and losses in the cryptocurrency industry during the first six months of 2025 served as a stark warning to developers, investors, and users. From code errors to social engineering, all loopholes were successfully exploited by bad actors.

With losses already breaking Rp50 trillion, it’s clear that security must be a top priority in the crypto world. If there is no immediate action, losses in the second half of the year could be much greater.

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*Disclaimer

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