2026-01-18 17:21:57

Security firm reports show crypto losses escalating sharply this year. Through Q1 2025, the sector has suffered $4.04 billion in scams and breaches—a staggering 34% jump compared to 2024 figures.

The headline incident? A major trading platform experienced a $1.51 billion breach, marking the largest single loss on record. Authorities, including the FBI, traced the attack back to North Korea's notorious Lazarus Group, raising fresh concerns about state-sponsored cyber operations targeting digital assets.

What's particularly striking: centralized platforms absorbed 75% of all stolen funds. This underscores a persistent vulnerability—despite years of warnings, traditional exchange infrastructure remains the primary target for sophisticated attackers. The data paints a sobering picture for institutional and retail participants alike.

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FortuneTeller42

· 01-21 16:34

Why is it North Korean hackers again... Centralized exchanges are really a big target --- 75% of stolen funds come from centralized platforms, and they still dare to say they are safe --- I told you not to put your coins on exchanges, now look --- North Korean hackers are starting to target the crypto world too, how profitable must it be --- 4 billion USD... this number is a bit despairing --- Why can’t anyone fix the security vulnerabilities of these centralized platforms --- Lazarus Group again? These guys are too rampant --- Centralized exchanges = ATMs, for hackers --- Just after Q1, 4 billion USD gone, it’s going to explode by 2025 --- Where is the promised "bank-grade security"? Now I don’t trust anything --- Cold wallets are stored securely, no one can touch them, it’s that simple --- National-level hackers are also eyeing us, this business really seems quite profitable

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GasFeeWhisperer

· 01-21 11:19

Oh my god, North Korean hackers are really something. They are targeting centralized exchanges to exploit arbitrage opportunities.

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BearMarketSurvivor

· 01-19 16:13

Damn, centralized exchanges are still getting hacked. How come people still dare to put their coins there? --- North Korean hackers? It feels like we're playing a game against a nation-state-level opponent. LOL --- 75% of losses come from exchanges... Doesn't that just prove that self-custody is the way to go? --- 34% surge? How did last year go? With this data out this year, I’m immediately meditating. --- A billion and a half dollars gone in one shot. If I were an institutional investor, I’d be freaking out. --- Why are people still using these outdated exchanges? I really don’t get it. --- Lazarus Group is back again. It seems the US has no way to deal with these guys. --- Centralization is the original sin. This data keeps proving that point. --- Just after Q1, 400 million dollars are gone. This pace feels off. --- Looks like I need to be more careful this year. Phishing scams will definitely increase.

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GateUser-bd883c58

· 01-18 17:48

Damn, centralized exchanges are really just targets; 75% of stolen funds come from there... --- It's Lazarus Group again, these guys really can't sit still --- North Korean hackers are coming to raid our assets, it feels like no platform is safe --- Over $4 billion... I just want to know if those CEX security audits are just for show --- Why do people still put coins on exchanges... Isn't this the lesson? --- Basically, it's the fate of centralization; do we have to go through this again? --- $151 million lost... this is the biggest single loss record, huh --- A cold wallet isn't good enough? Still have to keep it on the platform to be exploited

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AirdropHunterXM

· 01-18 17:47

Oh my god, North Korean hackers are back... Centralized exchanges really need to reflect on themselves --- 75% of the funds were lost by the exchange, this data is heartbreaking --- 1.5 billion USD... How long do I have to eat dirt to make up for it --- Every year around this time, bleeding starts again, all because of those insecure platforms --- Decentralization has also been hacked, but at least the probability is lower... --- North Korea still lacks money? Switching to hacking as a profession is truly outrageous --- 400 million USD evaporated... Retail investors are probably going to cut losses again --- It sounds scary, but why is nothing affected in my wallet? Haha --- That's why I firmly avoid big exchanges; cold wallets are forever the real deal --- Q1 just ended, and this is happening. 2025 is really going to be the end

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NFTArchaeologist

· 01-18 17:45

Here we go again, centralized exchanges are really sitting ducks... --- North Korea has even mobilized, and it's only been a few months... --- 75% of the money was lost on centralized platforms, what does that say... we're still putting money there --- Over 4 billion in the first quarter alone, how many people are crying... --- The most ironic thing is, after warning for so many years, we're still getting exploited --- That single transaction of 151 million, I'm stunned, what kind of record is this --- So self-custody is the way to go, it’s more troublesome but at least the assets are in your own hands --- Does "state-sponsored" mean we need to be more cautious? --- Centralized exchanges will continue to be prey, anyway I’ve already given up on security --- Once this data is out, I guess someone will transfer funds to their wallet again

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LiquidationWizard

· 01-18 17:37

Another wave of big liquidation? CEX really deserves to die, centralization is the original sin.

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StablecoinEnjoyer

· 01-18 17:32

ngl That's why I would never touch centralized exchanges, no matter how difficult defi gets, it's still better than getting hacked while lying flat. --- Even North Korea is coming to exploit the system, this circle is really getting more and more intense. --- 75% stolen from centralized exchanges? I told you not to listen, and now look. --- A hole worth 15 billion USD, who still dares to keep coins on exchanges... --- Losing so much since the beginning of the year, this data won't be fully known until the end of the year, how terrifying is that? --- Even the FBI's investigation is useless; the money was transferred to North Korea long ago, hahaha. --- That's why stablecoins are the right path; you guys chose high risk. --- What are centralized exchanges still holding on for? It's time to reflect. --- The question is, you should use self-custody wallets, don't ask why. --- Hackers are faster than regulators, it's hilarious.

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