Nournews: According to reports released by Visual Capitalist, citing information from The Block, Yahoo Finance, Binance, and Chainalysis, the cryptocurrency industry has faced a wave of massive cyberattacks in recent years. These attacks have targeted not only users’ assets but also the credibility of major trading platforms.
The published data provide a list of the 10 largest cryptocurrency hacks since 2025, revealing the staggering scale of financial damage across the industry.
At the top of the list is Bybit, which suffered the largest crypto hack in history on February 21, 2025. The estimated loss reached approximately $1.5 billion. According to reports, despite the exchange’s use of an offline multi-signature storage system, malware infiltrated the laptop of one of the developers, enabling what became the biggest theft in crypto history. The enormous gap between this figure and other attacks highlights the unprecedented scale of the incident.
In second place is Kelp DAO, which reportedly lost around $292 million in an attack on April 18, 2026. It is followed by Drift Trade, which suffered losses of $285 million on April 1, 2026. These incidents indicate that 2026 became one of the most critical periods for cybersecurity in the crypto industry.
Fourth on the list is Cetus, which was hit by a $223 million attack on May 22, 2025. After that comes Balancer with losses totaling $128 million in an incident recorded on November 3, 2025. The attack once again exposed vulnerabilities in some decentralized financial infrastructures and smart contracts.
Further down the ranking, Bitget suffered losses of $100 million, while Nobitex recorded damages of $90 million. Phemex followed with losses of $85 million. The list is completed by UPCX with $70 million in damages and Infini with losses of $50 million.
The data show that most of these attacks occurred during 2025 and 2026 — a period in which the rapid expansion of digital asset markets coincided with increasingly sophisticated cyberattacks. Experts believe hackers are now relying more heavily on social engineering, advanced malware, and breaches of developer accounts to steal digital assets.
As cyberattacks become more complex and costly, controlling and compensating for damages has become increasingly difficult for companies. As a result, many cryptocurrency exchanges and blockchain projects have significantly increased investment in cybersecurity, cold storage solutions, and multi-layered protection systems.
Nevertheless, current trends suggest that the cryptocurrency industry still has a long way to go before achieving sustainable security. Each new security breach has the potential to wipe out billions of dollars within hours, making the future of the market more dependent than ever on companies’ ability to combat cyber threats.