According to PyDun monitoring, cryptocurrency-related thefts reached a record high in 2025, primarily driven by systemic vulnerabilities in centralized infrastructure and a strategic shift towards targeted social engineering attacks. Total losses in 2025 exceeded $4.04 billion, an increase of approximately 34.2% compared to the $3.01 billion stolen in 2024. This included $2.67 billion in losses from hacking (an increase of approximately 24.2% year-over-year) and $1.37 billion in losses from fraud (an increase of approximately 64.2% year-over-year). Approximately $334.9 million of the stolen cryptocurrency was recovered or frozen, compared to $488.5 million in 2024.