Web3 Lost Nearly $4B in 2025—Over Half Linked to North Korea

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The Hacken 2025 Yearly Security Report estimates total Web3 losses at $3.95 billion, up roughly $1.1 billion from 2024. More than 50% of stolen funds were attributed to North Korea–linked threat actors, marking a growing concentration of losses tied to state-backed groups.

Losses peaked above $2 billion in Q1 before declining steadily to around $350 million by Q4. Despite the drop, Hacken warns the pattern reflects persistent operational weaknesses rather than one-off technical failures.

The report underscores a hard truth: while code exploits matter, the most damaging losses still come from human and process failures.

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bruh they just have become the GOAT