The first quarter of 2025 has become one of the most challenging periods for the cryptocurrency sector. According to analysts, crypto projects faced unprecedented threats, with criminals causing losses exceeding $1.64 billion. This figure marks a 4.7-fold increase compared to the same period last year, when losses amounted to about $348 million.

The Federal Bureau of Investigation (FBI) has made a staggering announcement, accusing North Korea of one of the largest cyber heists in recent history. This audacious theft led to the loss of $1.5 billion in virtual assets stolen from the cryptocurrency exchange ByBit. This incident underscores the rising threat of North Korean cyberattacks and prompts a critical analysis of security within the digital finance world.

The cryptocurrency market started on a positive note this past Friday after Coinbase Global Inc. $COIN announced that American securities regulators were prepared to close a legal case against the largest national digital asset exchange. This news sparked optimism among market participants, but the joy was short-lived.