Crypto Heists Skyrocket: Billions Stolen as Laundering Outpaces Defenses

A new report reveals a dramatic surge in cryptocurrency theft and laundering during the first half of 2025, with over $3.01 billion stolen across 119 hacks. Centralized exchanges (CEXs) are identified as the primary vulnerability, accounting for over half of the losses. The most alarming trend is the unprecedented speed of laundering, with illicit funds often moved and obscured within minutes of a breach, outpacing traditional security and compliance measures.