The cryptocurrency market continues to face sophisticated hacking incidents in 2025. A notable case is the February Bybit hack, where hackers stole $1.5 billion in Ether, linked to North Korea’s Lazarus Group exploiting security flaws. This marks it as the largest crypto heist to date. Similarly, the May 2024 DMM Bitcoin breach saw $305 million in Bitcoin vanish due to social engineering tactics. These attacks highlight vulnerabilities in multi-signature cold storage and centralized exchanges. Despite a 2023 drop in stolen funds to $1.7 billion, 2024 saw a 21% rise to $2.2 billion, with North Korea-linked hacks accounting for 61%. Enhanced security measures, like regular audits and multi-layered defenses, are critical as cybercriminals evolve, targeting DeFi and emerging platforms amid a growing digital asset landscape.