According to Web3 security company CertiK, the damage from cryptocurrency hacking is expected to exceed $2.1 billion (approximately 2.919 trillion won) in 2025. Hackers are shifting their strategies from smart contract vulnerability attacks to personal wallet attacks through social engineering.
According to CertiK's report, while wallet hacking was only 23 cases, it caused the largest loss of $1.6 billion (approximately 2.224 trillion won). Phishing attacks were the most frequent at 114 cases, with damages of $40.15 million (approximately 55.81 billion won).
Code vulnerability attacks occurred 100 times, resulting in losses of $28.16 million (approximately 391.4 billion won). Access control issues occurred 19 times, with damages limited to $14.1 million (approximately 19.6 billion won). Exit scams were 9 cases with $1.6 million (approximately 2.2 billion won), and price manipulation attacks were 15 cases with $8.1 million (approximately 11.3 billion won).
The total damage from hacking and fraud in May was $14.01 million (approximately 194.7 billion won). Among these, code vulnerabilities and phishing were the main attack methods, causing damages of $23 million (approximately 319.7 billion won) and $47.6 million (approximately 66.1 billion won) respectively. Wallet draining attacks caused damages of $8.5 million (approximately 11.8 billion won).
Cetus, a decentralized exchange based on Sui, recorded the largest damage in May at $22.5 million (approximately 312.8 billion won).
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