**Crime: The Crypto Industry Faces Its Worst Security Crisis Yet**
The crypto industry is currently grappling with its most severe security crisis to date. Over $2.47 billion has been stolen in just the first half of 2025 — already surpassing the total losses recorded last year.
The largest single breach occurred when North Korean hackers looted ByBit for $1.5 billion, marking the biggest crypto theft in history.
However, beyond high-profile exchange hacks, a quieter and more alarming threat has emerged: cybercriminals are increasingly targeting personal wallets, where users store their own funds. These attacks now account for over 23% of all stolen crypto this year, signaling a major shift in hacker tactics.
As exchanges strengthen their defenses with tighter compliance and improved infrastructure, criminals have turned their attention to easier prey — individual holders. Self-custody wallets offer users full control over their assets, but they come without a safety net if private keys or recovery phrases are compromised.
Phishing scams, fake wallet applications, and AI-driven impersonations are becoming the tools of choice for attackers. Experts note that Bitcoin remains the biggest prize; however, newer chains like Solana and Base are increasingly targeted, often ensnaring inexperienced traders.
Moreover, rising cryptocurrency prices amplify the impact of these losses—each stolen wallet holds greater value as markets climb.
**The Bottom Line:** Self-custody requires self-defense. Users are urged to rely on hardware wallets, create strong passwords, maintain offline backups, and avoid storing recovery phrases online. Vigilance has become the only real safeguard in a market where one wrong click could make anyone the next headline in a multi-billion-dollar crime wave.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.*
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**About the Author**
Alexander Zdravkov is known for his analytical approach, always seeking the logic behind developments. Fluent in German and with over three years of experience in the crypto space, he skillfully identifies new trends in digital currencies. Whether providing in-depth analysis or daily reports, Alexander’s deep understanding and enthusiasm make him a valuable member of the team.
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