Web3 hacking losses near $4B in 2025, over half tied to North Korea

The Web3 industry suffered hacking losses totaling $3.95 billion in 2025, an increase from the previous year, according to blockchain security firm Hacken. In a recent report cited by Cointelegraph, Hacken noted that the damages were heavily concentrated in the first quarter, which saw over $2 billion in losses. The analysis attributed more than half of the total amount to hacking groups linked to North Korea. The report also found that most security breaches stemmed from a lack of operational security discipline rather than smart contract vulnerabilities, with code-related losses amounting to only $512 million. Hacken projects that security standards across the industry are likely to improve starting next year as regulatory recommendations become mandatory.