New Delhi | The cryptocurrency industry continues to face relentless cyberattacks, with recent data showing that the average loss from a single major hack has reached around $25 million (₹234.34 crore). This information comes from reports by Immunefi and The Block. The figures indicate that while minor attacks are increasingly controlled, large-scale incidents remain the most severe economic and structural threat to the industry.
According to the report, 94 cyberattacks were recorded in 2024 and 97 in 2025. Over the past two years, 191 attacks caused losses of approximately $4.67 billion (₹43,774.25 crore) to the crypto industry, while over five years, 425 attacks led to a cumulative loss of around $11.9 billion (₹1.12 lakh crore). Experts noted that while the average loss remains high, the median loss dropped from $4.5 million (₹42.18 crore) to $2.2 million (₹20.62 crore), reflecting some improvement in defense against routine attacks.
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Analysts warned that large attacks heavily skew average statistics. The five largest attacks in 2024 and 2025 accounted for 62% of all stolen funds, while the top ten represented 73%. For example, the Bybit exchange hack alone caused a loss of $1.5 billion (₹14,060.25 crore), constituting 44% of total losses in 2025 and 32% over the two years.
Centralized exchanges were involved in fewer incidents but suffered larger losses. Out of 191 incidents, only 20 involved centralized exchanges, yet they accounted for more than $2.55 billion (₹23,904 crore) in total losses. Experts emphasized that custodial risks remain the primary reason for the most devastating industry “failures.”
Price Recovery Remains Rare
Market reactions to hacks have become increasingly severe. Tokens of affected protocols lose around 10% of their value on average within the first two days. The long-term impact is even more pronounced: median losses reach 61% six months post-attack, compared to 53% in the previous reporting period. Only 16% of assets manage to recover above their pre-attack levels.
The financial impact of hacks extends beyond price drops. Many projects hold native tokens in treasuries, so a 61% decline directly reduces operational budgets, limiting developer hiring and funding for updates.
Immunefi highlighted the interconnectedness of protocols as an additional vulnerability. The collapse of the deUSD stablecoin in 2025 triggered cascading losses, resulting in withdrawal freezes, forced sales, and declining total value locked (TVL) across multiple platforms. Internal processes of affected startups also became unstable. Security teams typically rotate shortly after a hack, and product development halts as developers focus solely on crisis management. Recovery usually requires at least three months of concentrated effort.
In January, Immunefi CEO Mitchell Amador described a major hack as a “death sentence” for 80% of protocols. According to him, the primary cause of collapse is not just the loss of funds, but “managerial chaos and loss of trust.”
Experts in the crypto industry note that, despite improvements in security and legal frameworks, mitigating the impact of large-scale hacks remains highly challenging. Even as average losses decline, structural and financial risks for the industry continue to grow.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
