Multisig Failures Dominate as $3.1B Is Lost in Web3 Hacks in the First Half

Multisig Failures Dominate as $3.1B Is Lost in Web3 Hacks in the First Half

Crypto investors lost around $3.1 billion to hacks in the first half of the year, with the first quarter alone topping all the losses of 2024, according to a report from security firm Hacken.The most intriguing finding was that multisignature wallets, which require several people to sign a transaction before it is executed were frequently compromised due to user interface tampering and signer mismanagement. The infamous first-quarter hack of cen…

Crypto Sector Lost $3.1 Billion to Hacks in Q1 2025, Says Hacken Report - Coin Surges

The cryptocurrency industry has witnessed over $3.1 billion in losses during the first half of 2025, already surpassing the total for all of 2024. According to a report published by blockchain security firm Hacken, the figure reflects persistent systemic vulnerabilities across both decentralized and centralized finance platforms, driven by outdated codebases, access-control flaws, and the growing complexity introduced by artificial intelligence …

Crypto Losses Top $3.1B In First Half Of 2025, Outpacing All Of Last Year - FinanceFeeds

Blockchain security firm Hacken says more than $3.1 billion has been lost in the crypto sector so far this year, already surpassing the $2.85 billion total for all of 2024. The losses stem from a mix of smart contract bugs, access-control failures, rug pulls, and scams, with one outlier — the $1.5 billion Bybit hack in February — skewing the totals. Access-control issues accounted for the bulk of losses, making up 59% of the total, while smart c…

$3.1B in Web3 Attacks: Access Control Is the Core Weakness - Bitcoinsensus

$3.1B in Web3 attacks: Access control is the core weakness. Hacken report exposes multisig failures and escalating threats in AI infrastructure. Remember the massive Bybit hack? That was precisely about a vulnerability in a third-party service, and today it remains one of the most critical attack vectors. Yes, Bybit restored its balance and liquidity at record speed, but how resilient are other platforms? …

$3.1B in Web3 Attacks: Access Control Is the Core Weakness

$3.1B in Web3 attacks: Access control is the core weakness. Hacken report exposes multisig failures and escalating threats in AI infrastructure. Remember the massive Bybit hack? That was precisely about a vulnerability in a third-party service, and today it remains one of the most critical attack vectors. Yes, Bybit restored its balance and liquidity at record speed, but how resilient are other platforms? AI-driven [...]

Human errors and AI-driven hacks keep hitting crypto hard in 2025, data show

Crypto threats are no longer just technical as they’re increasingly about human behavior and new tools like AI. The first half of 2025 shows that staying ahead means thinking broader than just smart contracts. The first half of 2025 has…