Blockchain Security Firm Certique has revealed that Krypto of $ 1.67 billion was stolen by hackers in the first quarter of 2025, an increase of 303% in the previous quarter.

The figure is two -thirds of the total amount stolen over 2024, although it is worth noting that the majority of Q1’s losses can be attributed to the $ 1.45 billion bybit hack.

Apart from this, Certics analyzed 197 hacking events in 1st quarter, 98 of which took place at Ethereum.

The two biggest hacks after Bybit were the $ 71 million phemex heist in January and the $ 49.5 million exploitation that got a bit of Crypto Neobank Infini.

Phishing -attacks involving stealing a victim’s credentials to access personal accounts is still the highest attack vector that accounts for 81 events. There were also 15 events with private key compromise.

Only 0.38% of stolen funds in Q1 are returned compared to 42.09% in the previous quarter, making the adjusted loss much higher. In February, no stolen funds were returned at all.