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Rugpull Losses Soar 6,500% in 2025 as Crypto Scams Turn Deadlier, Nearly $6B Lost – DappRadar

Crypto rug pull losses have skyrocketed in 2025, with a single DeFi scam accounting for nearly $6 billion of the nearly $6 billion lost.

In a year already marred by mounting concerns about user safety, a new report from DappRadar revealed that crypto rugpulls have stolen nearly $6 billion from the ecosystem since the beginning of 2025.

This is a staggering 6,499% surge from the $90 million recorded during the same period last year.

According to DappRadar’s blockchain analyst Sara Gherghelas, 92% of the total damage is attributed to a single incident: the suspected rug pull orchestrated by Mantra Network, a DeFi project on the Polygon blockchain.

While the investigation into Mantra is ongoing, its sheer scale has already made it one of the most consequential scams in recent crypto history.

Yet, while the financial cost of rug pulls has ballooned, their frequency has notably decreased.