Use Wisesama to verify addresses and URLs before transacting. Stay safe in the crypto ecosystem.
Check an AddressThe numbers are staggering. According to security auditing firm Hacken, $3.1 billion in cryptocurrency was lost in the first six months of 2025 alone, making it the worst year for crypto crime on record. This represents a 96% increase compared to Q1 2024.
The Bybit exploit stands as the largest single attack in crypto history, costing the platform approximately $1.46 billion when attackers took over a wallet through a compromised signer interface. But Bybit wasn't alone:
Access-control failures have emerged as the top cause of Web3 losses, accounting for nearly 59% of total value lost. These attacks are driven by:
Wallet compromises and phishing attacks have combined losses exceeding $2.1 billion in 2025, fueled by industrial-scale phishing-as-a-service kits that drain wallets at record speed.
The Polkadot ecosystem hasn't been immune to these trends. While Polkadot's relay chain architecture provides "security by design," parachains remain vulnerable to the same attack vectors affecting the broader crypto industry.
Key takeaways for staying safe:
The crypto industry is learning hard lessons in 2025. Stay informed, stay vigilant, and always verify before you trust.
