The cryptocurrency industry witnessed over $3.4B in theft from January through early December 2025, with the February compromise of Bybit alone accounting for $1.5B of that total. Personal wallet compromises have grown substantially, increasing from just 7.3% of total stolen value in 2022 to 44% in 2024. In 2025, the share would have been 37% if it weren’t for the outsized impact of the Bybit attack.(unfolded.)