CoinDesk Podcast Network Crypto Lost Over $2.1B to Hacks in First Half of 2025 | COINDESK DAILY
Jun 27, 2025
The podcast dives into a staggering $2.1 billion lost to hacks in the crypto world in early 2025, with North Korean groups at the center of the chaos. It also highlights the downturn in Bitcoin miner revenues, shedding light on shifting investor strategies. Additionally, a fresh perspective on Layer-1 blockchains is discussed, featuring Bahamut Blockchain's innovative Proof of Staking and Activity mechanism. These insights encapsulate the challenges and evolution within the cryptocurrency landscape.
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Massive Crypto Hacks in 2025
- Crypto investors lost over $2.1 billion to hacks in first half of 2025, the worst ever six months for crypto security.
- North Korean-linked groups caused $1.6 billion, or 70%, of these thefts including the $1.5 billion Bybit hack.
Bitcoin Miner Revenues Decline
- Bitcoin miner revenues dropped to $34 million daily, lowest in two months due to falling transaction fees and Bitcoin's local price lows.
- Despite reduced profitability, there is no clear sign of miners being forced to sell or leaving the network.
Bitcoin's Mixed Market Signals
- Bitcoin had its weakest monthly performance in a year despite $3.9 billion inflows into U.S. spot ETFs.
- On-chain data shows whales and smaller holders are net sellers, indicating opportunistic trading and distribution.