{"id":4844,"date":"2025-10-03T10:49:38","date_gmt":"2025-10-03T10:49:38","guid":{"rendered":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/10\/03\/q3-2025-crypto-hack-report-wallet-attacks-surge-despite-overall-loss-decline\/"},"modified":"2025-10-03T10:49:38","modified_gmt":"2025-10-03T10:49:38","slug":"q3-2025-crypto-hack-report-wallet-attacks-surge-despite-overall-loss-decline","status":"publish","type":"post","link":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/10\/03\/q3-2025-crypto-hack-report-wallet-attacks-surge-despite-overall-loss-decline\/","title":{"rendered":"Q3 2025 Crypto Hack Report: Wallet Attacks Surge Despite Overall Loss Decline"},"content":{"rendered":"

The post Q3 2025 Crypto Hack Report: Wallet Attacks Surge Despite Overall Loss Decline<\/a> appeared first on Coinpedia Fintech News<\/a><\/p>\n

Crypto security is sending mixed signals. <\/p>\n

Overall losses fell sharply in Q3 2025, dropping nearly 37% to $509 million from $803 million in Q2. Compared to Q1\u2019s nearly $1.7 billion stolen, this is a huge decline. <\/p>\n

But September told a different story: the month saw a record number of million-dollar incidents, showing that while total losses are down, hackers are still finding big openings.<\/p>\n

Hackers Shift Focus to Wallets<\/strong><\/h2>\n

The pattern is clear. Attackers are moving away from smart contract exploits and going after wallet vulnerabilities and operational flaws. Code-related losses fell from $272 million in Q2 to just $78 million in Q3, signaling better protections. <\/p>\n

Still, September\u2019s 16 hacks over $1 million<\/a> – the highest ever in a single month – show that mid-sized attacks are rising.<\/p>\n

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\u201cExchanges, as well as DeFi projects, continue to be lucrative targets for attackers, particularly for state-sponsored groups,\u201d<\/em> a CertiK spokesperson told Cointelegraph.\u00a0<\/a><\/p>\n<\/blockquote>\n

Hacken added that centralized exchanges remain the easiest entry points, often targeted through phishing and social engineering to hit multisig and hot wallets.<\/p>\n

Exchanges, DeFi, and RWA Projects in Trouble<\/strong><\/h2>\n

Centralized exchanges lost the most in Q3 – $182 million – followed by DeFi projects at $86 million. One notable hack was the GMX v1 DEX, which lost $40 million. The hacker returned the funds after a $5 million bounty, but the incident underscores ongoing risks in DeFi.<\/p>\n

Emerging chains like Hyperliquid also faced trouble, with incidents including the HyperVault exploit and HyperDrive rug pull. RWA (real-world asset) projects aren\u2019t immune either: $14.6 million was lost in the first half of 2025 alone. <\/p>\n

Bridging on-chain and off-chain assets creates more points for hackers, even as these projects promise transparency and security.<\/p>\n

Security Isn\u2019t Optional<\/strong><\/h2>\n

Hacken CEO Yevheniia Broshevan pointed out that North Korea-linked hackers were behind about half of Q3\u2019s stolen funds. <\/p>\n

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She warned: \u201cThis is a wake-up call. Centralized platforms and users exploring emerging chains like Hyperliquid must double down on operational security and due diligence, or they will continue to be the easiest entry points for attackers.\u201d<\/em><\/p>\n<\/blockquote>\n

Practical steps are clear:<\/p>\n