Global Ledger Analysts: Crypto Industry Suffering Heavy Losses

Global Ledger analysts have recorded record losses from cyberattacks and fraud in the digital asset sector. In January–March 2025, attackers withdrew $1.93 billion from the crypto industry ecosystem, which is almost equal to the total losses for the entire 2024.

The most common and dangerous attack method remains smart contract exploits, which accounted for 62.79% of all incidents. Other attack vectors: compromised private keys caused losses of $140 million; Rug pulls (fraudulent projects) - only two cases, but they cost investors $290 million (14.82%); exchange hacks are the main target of attacks: $1.54 billion (79.56%) was stolen from CEX, making them a favorite for hackers. About $1.44 billion (74%) of the stolen funds are related to the actions of North Korean hacker groups such as Lazarus Group and Bluenoroff.

This suggests that Pyongyang continues to use the crypto market to fund its elites and nuclear programs. In comparison, all other hacker groups combined have stolen only $450 million, despite more attempts.

Recall that according to information provided by the Federal Bureau of Investigation (FBI), in 2024, cryptocurrency scammers defrauded Americans of at least $9.3 billion.