The crypto threat landscape intensified in 2025, with scam and phishing-related losses soaring to $1.37 billion, marking a 64.17% increase from the previous year. This rise is attributed to a strategic shift towards targeting high-value individuals through advanced social engineering tactics, resulting in greater average losses per incident. Additionally, laundering activities linked to exploits reached $1.49 billion, a 14.6% increase, driven by a concentration of high-value exploits. The analysis focused on incidents with hack losses exceeding $10 million.