Immunefi Crypto Losses February 2025 Report
Analysis
- The crypto ecosystem has witnessed $1,602,258,100 in total losses in 2025 YTD, representing an 8x increase compared to $200 million during the same period last year. This amount has surpassed the total losses for 2024 at $1.49 billion.
- In February 2025, $1,528,342,400 was lost due to hacks across 9 specific incidents. This represents a 18x increase from February 2024, when registered losses were $81,603,400.
- Losses in February 2025 represent a 20x increase month-over-month, compared with January 2025, when registered losses were $73,915,700.
- Most of the sum was lost in two specific projects: cryptocurrency exchange Bybit, which lost $1.46 billion, and stablecoin bank Infini, which lost $49.5 million.
- In February 2025, CeFi accounted for 95.5% of the total losses with a single incident, while DeFi, which experienced 8 cases, accounted for the remaining 4.5% of the total volume of funds lost.
- Hacks continued to be the predominant cause of losses compared to fraud. A total of $1,528,342,400 was lost across 9 specific hacking incidents.
- BNB Chain and Ethereum were the most targeted chains in February 2025, representing 72.8% of the total losses across targeted chains.
January 2024 vs. February 2025
| Month | Losses |
|---|---|
| January 2025 | $73,915,700 |
| February 2025 | $1,528,342,400 |
Top Losses in February 2025
| Project | Loss |
|---|---|
| Bybit | $1,460,000,000 |
| Infini | $49,500,000 |
| zkLend | $9,500,000 |
| Ionic Money | $8,600,000 |
| Cardex | $400,000 |
| Four.Meme | $183,000 |
| Cashverse | $107,900 |
| BankX | $43,000 |
| GoldReserve NFT | $8,500 |
Hacks vs. Fraud Analysis
In February 2025, hacks continued to be the predominant cause of losses compared to fraud, accounting for 100% of the total losses.
Overview
- Hacks In total, we have seen a loss of $1,528,342,400 due to hacks in February 2025 across 9 specific incidents.
- Fraud No cases of fraud were reported.
Hacks vs. Fraud — February 2025
- Hacks: 100%
DeFi vs. CeFi Analysis
In February 2025, CeFi again surpassed DeFi, representing 93.5% of the total volume of funds lost.
Overview
- DeFi DeFi suffered $68,342,400 in total losses in February 2025 across 8 incidents.
- CeFi CeFi suffered $1.46B in total losses in January 2025 due to a single incident: the hack of the cryptocurrency exchange Bybit.
DeFi vs. CeFi — February 2025
- DeFi: 4.5%
- CeFi: 95.5%
Losses by Chain
The most targeted chain in February 2025 was the BNB Chain.
Overview
- In February 2025, BNB Chain and Ethereum suffered 4 individual attacks each, representing 72.8% of the total losses across targeted chains.
- Abstract, Mode, and Optimism suffered a single attack each.
Losses by Chain — February 2025
| Chain | Attacks |
|---|---|
| BNB Chain | 4 |
| Ethereum | 4 |
| Abstract | 1 |
| Mode | 1 |
| Optimism | 1 |
Crypto Losses February 2025
Total Losses YTD
$1,602,258,100
In February
$1,528,342,400
Major Losses
| Project | Loss |
|---|---|
| Bybit | $1.5B |
| Infini | $49.5M |
| zkLend | $9.5M |
| Ionic Money | $8.6M |
| Cardex | $400.0K |
Hacks vs. Fraud
| Type | Amount |
|---|---|
| Hacks | $1,528,342,400 |
| Fraud | $0 |
DeFi vs. CeFi
| Category | Amount |
|---|---|
| DeFi | $68,342,400 |
| CeFi | $1,460,000,000 |
Top Losses by Chain
| Chain | Attacks |
|---|---|
| BNB Chain | 4 |
| Ethereum | 4 |
| Abstract | 1 |
| Mode | 1 |
| Optimism | 1 |
Download the full report here.
For questions about this study or Immunefi itself, reach out at press@immunefi.com
About Immunefi
Immunefi is the leading security platform for crypto, protecting more than $180 billion in user funds, and securing protocols across the full development lifecycle, from pre-deployment through production.
