Crypto-related theft reached a record $4.04 billion in 2025, marking a 34.2% increase from the $3.01 billion stolen in 2024. This surge was primarily due to vulnerabilities in centralized infrastructure and a rise in targeted social engineering attacks. The year saw $2.67 billion lost to crypto hacks, a 24.2% year-over-year increase, while scams accounted for $1.37 billion, up 64.2% from the previous year. Despite these losses, approximately $334.9 million of stolen crypto was recovered or frozen, a decrease from the $488.5 million recovered in 2024.