Crypto Hacks Cost ₱280.13 billion ($4.67 billion); Token Losses Run 61% Deeper

Crypto projects hacked in 2024 and 2025 lost ₱280.13 billion ($4.67 billion) to thieves, but the real damage came after the money was gone. Immunefi tracked 191 hacks across both years and found that hacked tokens lost a median 61% of their value within six months. Only 16% traded above their hack-day price six months later. The bug bounty platform analyzed 82 hacked tokens and discovered that 84% failed to recover to their original price within six months.

The gap between average and median theft tells the real story. Average hack size hit ₱1.47 billion ($24.5 million) while the median sat at just ₱131.96 million ($2.2 million) — an 11-times difference that shows how a few massive breaches skew the entire picture. The top five hacks accounted for 62% of all funds stolen across both years.

Bybit's ₱89.98 billion ($1.5 billion) exploit in February 2025 defined the year, representing 44% of all 2025 theft. Immunefi CEO Mitchell Amador said the market has become less forgiving, with hacks now viewed as evidence of structural weaknesses and failed governance rather than mere technical accidents.

Centralized exchanges still sit near the center of the blast zone. Twenty of the 191 hacks involved centralized venues, but those 20 incidents accounted for $2.55 billion — 54.6% of all stolen funds across the two-year period. Hacked projects lose at least three months of progress to recovery work, with security leadership typically departing within weeks. More than half of hacked tokens — 56.5% — remained down over 50% at the six-month mark, and 14.5% had collapsed more than 90% from their hack-day price by the end of 2025.