In the first half of 2025, the crypto industry suffered record losses from hacker attacks amounting to over $2.1 billion. The main causes of these losses were infrastructure breaches, theft of private keys, and manipulations with user interfaces.
This is reported by Business • Media
Analysts at TRM Labs found that approximately 80% of all losses were caused by infrastructure breaches, including the theft of seed phrases, private keys, and interface manipulations.
New Threats and Attacks on Crypto Projects
Among the latest cyberattacks, the emergence of the SparkKitty virus is noteworthy, targeting the theft of seed phrases from Android and iOS users through popular app marketplaces. The program gains access to the photo gallery and automatically uploads images to the attackers’ servers.
The DeFi protocol Resupply lost about $9.5 million due to a hack, primarily from the wstUSR market. The team confirmed the incident and suspended operations for an investigation.
Security Measures and Regulation
In light of the increasing cyber threats, American cryptocurrency exchanges are strengthening their security measures. Coinbase and Kraken have obtained licenses under the EU Markets in Crypto-Assets (MiCA) regulation. Coinbase registered with the financial regulator in Luxembourg, while Kraken registered with the Central Bank of Ireland.
Hardware wallet manufacturer Ledger introduced a new Recovery Key feature for its Flex and Stax devices to enhance the security of crypto asset storage. The company also advises users to remain vigilant and not disclose their backup phrases.