Crypto investors suffered massive financial losses in Q1 of 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 across 197 incidents because of hacks, scams, and exploits, the company stated in the April 1 report. This is more than 300 percent higher than the previous quarter and is already more than 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.
