CertiK Report: Web3 Hacking Losses Surge 300% in Q1 2025

02 April, 2025, 06:30 AM

Blockchain security firm CertiK's Q1 2025 Web3 security report reveals a concerning trend: hacking losses have skyrocketed. A staggering $1.67 billion was lost across 197 attacks, marking a 303% increase from the previous quarter. The report highlights the devastating impact of the Lazarus Group's Bybit hack, responsible for $1.45 billion in damages. Private key leaks also contributed significantly, with 15 incidents costing $142 million. Phishing attacks, the most frequent type of breach (81 cases), resulted in approximately $16 million in losses. CertiK warns that this trend is likely to continue as cryptocurrency adoption grows and prices rise. Increased vigilance and robust security measures are crucial to protect Web3 assets from malicious actors. Staying informed about potential threats and implementing best practices for security are paramount in this evolving landscape. ```