Crypto investors suffered massive financial losses in Q1, 2025, with a major exchange breach accounting for most of the loss, according to a report by blockchain security company CertiK.
A total of $1.67 billion worth of crypto was lost in Q1 this year across 197 incidents due to hacks, scams, and exploits, the company said in the April 1 report. This is more than 300 percent higher than the previous quarter and is already over two-thirds of the $2.39 billion stolen for the entirety of 2024. The average loss per incident in the first quarter was $9.54 million.
The global cryptocurrency market was worth around $2.87 trillion as of April 2. The $1.67 billion in losses represent almost 0.06 percent of the market….