The digital currency market saw over 60 hacking incidents in the first three months of 2025, resulting in $1.63 billion in losses. This figure more than doubled compared to the same period last year, which was $706 million. According to the report by Emonify, it was the worst season in terms of security breaches in the history of digital currencies. Two major incidents, a $1.46 billion hack on the Binance exchange and a $69.1 million attack on Fomex, accounted for 94% of the total damages. Centralized exchanges suffered the most with 94% of the losses. Binance Smart Chain with 19 incidents and Ethereum with 15 cases were the most vulnerable blockchains. In March alone, 20 hacks resulted in $33.46 million in losses, with the largest ones being a $13 million hack on Abracadabra and an $8.32 million attack on Zeus.
