Despite the ongoing cybersecurity efforts of the Crypto industry, the protocol is engaged in an endless war with cryptocurrency hackers, continuing to attack the weakest links with the Crypto protocol. This is often a human action element.
According to Ronghui Gu, a professor of computer science at Columbia University and co-founder of the blockchain security platform, the industry is engaged in an unfair war with unfair actors.
“As long as there are weaknesses and vulnerabilities, these attackers will discover it sooner or later,” Gu said.
“So it’s an endless war.”
“But I’m worried that next year (hacking) will still be at the level of $1 billion,” Gu said, adding that both cybersecurity efforts and cybercriminals are becoming stronger. Still, attackers need to find a single bug in the millions of codelines audited by Certik daily.
https://t.co/z5iwqjqepd
– Zoltan Names (@zvardai) August 22, 2025
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Despite the decline in hacking in the second quarter, in the first half of 2025, crypto hacks and exploit losses reached $2.47 billion in the first half of 2025. More than $800 million was lost in 144 incidents in the second quarter, down 52% compared to the previous quarter, with 59 fewer hacking cases, and Tuesday’s report showed fewer hacking cases.
sauce: certik
In the first half of 2025, we saw more than $2.47 billion in losses from hacking, fraud and exploits, up nearly 3% from the $2.4 billion stolen in all of 2024.
The Lion’s share of lost value marked the largest Cyberexproite in cryptography history, due to a single incident, a $1.4 billion bibit hack on February 21.
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With improved blockchain cybersecurity, hackers target human behavior
According to Certik’s GU, cybersecurity measures that continue to evolve in the industry are forcing them to seek new vulnerabilities, including loopholes in human psychology.
“Let’s say your protocol or Layer 1 blockchain is more secure. Then they may target the people behind it, people who have private keys, etc.”
In 2024, roughly half of the crypto industry’s security incidents were caused by “operational risks” such as private key compromises, Gu added.
Hackers are increasingly targeting weak links in human behavior, as highlighted in this year’s new wave of cryptocurrency phishing scams. This means that attackers share fraudulent links to steal sensitive information from victims.
On August 6, investors lost $3 million in one wrong click after accidentally signing a malicious blockchain transaction that emitted $3 million worth of USDT (USDT) from their wallets.
Total wallet “0x2d9” source: Nansen
Like most investors, the victim may have validated the wallet address only by matching the first and last few characters before transferring $3 million to the malicious actor. The differences were noticeable in the intermediate letters, often hidden in the platform to improve visual appeal.
Another victim lost more than $900,000 in digital assets in a sophisticated phishing attack 458 days after signing a malicious approval transaction for wallet drain fraud, Cointelegraph reported.
https://www.youtube.com/watch?v=kynq5yofkwo
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