Panda Shield: In 2025, losses from theft of crypto assets exceeded $4.04 billion, setting a new historical record

According to PieShield monitoring, cryptocurrency-related thefts have reached an all-time high, primarily driven by systemic vulnerabilities in centralized infrastructure and a strategic shift towards targeted social engineering attacks. The total losses in 2025 exceeded $4.04 billion, an increase of approximately 34.2% compared to the $3.01 billion stolen in 2024. This includes: losses from cryptocurrency hacks amounting to $2.67 billion (an increase of approximately 24.2% year-on-year), and fraud losses reaching $1.37 billion (an increase of approximately 64.2% year-on-year). Approximately $334.9 million of the stolen cryptocurrency has been recovered or frozen, compared to $488.5 million in 2024.