Key Insights:
- So far in June 2025, three major crypto scams have caused the loss of over $100 million in crypto funds.
- Security firm noted that most of these losses stem from wallet compromises, poor key management, and operational flaws.
- Address poisoning and other social tactics are now more common than protocol-level attacks.
As the cryptocurrency market continues to evolve, it not only attracts investors and traders but also increasingly sophisticated and widespread crypto scams.
In June 2025, the rapidly evolving industry lost millions in cryptocurrency due to various fraudulent activities, which have shaken investor confidence and prompted global regulatory crackdowns.
Major Crypto Scams in June 2025
So far in June 2025, according to recent data from the Rekt Database, the market has witnessed two major exploitations.
Nobitex Hack: On June 18, 2025, Nobitex, an Iranian crypto exchange, was hacked, with $82 million worth of crypto reportedly stolen. The attack was claimed by the pro-Israel hacktivist group Gonjeshke Darande, which also threatened to leak the platform’s internal source code and data.
To reassure users and ensure the safety and security of assets, Nobitex shared a post on X (formerly Twitter) stating, “Users’ assets are completely secure according to cold storage standards, and the above incident only affected a portion of the assets in hot wallets.”
They further ntoed, “all damages will be compensated through the insurance fund and Nobitex resources.”
AlexLab Exploit: Meanwhile, another crypto exploitation was reported on June 6, 2025, when a Bitcoin DeFi project, AlexLab, was exploited for over $16.1 million due to a critical flaw in its token listing logic. Fake tokens were used to drain multiple vaults, despite recent audits.
ResupplyFi Exploit: In addition to these crypto hacks in 2025, on June 26, 2025, another blockchain security firm, Cyver Alert, made a post on X stating that their system had detected suspicious transactions involving ResupplyFi. A decentralized stablecoin protocol leveraging the liquidity and stability of lending markets, which has reportedly lost nearly $9.60 million worth of crypto.
🚨ALERT🚨Our system has detected a suspicious transaction involving @ResupplyFi, with losses estimated at $9.6M.
Attacker funded via @TornadoCash manipulated #cvcrvUSD price, causing exchangeRate in ResupplyPair to hit zero due to floor division enabling massive #reUSD borrowing… pic.twitter.com/fU1LEUxO0t
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) June 26, 2025
The post on a X also noted, “Attacker funded via TornadoCash manipulated cvcrvUSD price, causing exchangeRate in ResupplyPair to hit zero due to floor division enabling massive reUSD borrowing with 1 wei collateral. Stolen funds were swapped to ETH and split across 2 addresses. Resupply confirmed an exploit in the wstUSR market and paused its contracts.”
Following this crypto scam alerts, ResupplyFi acknowledged and confirmed the hack. In a post on X, ResupplyFi stated,
“Resupply has experienced an exploit in the wstUSR market. The affected contract has been identified and paused. Only the wstUSR market was impacted and the protocol continues to function as intended. A full post-mortem will be shared as soon as a complete analysis of the situation has been conducted.”
Crypto Scams 2025: Over $2.1 Billion Stolen in 2025 Alone
Following these incidents, users and institutions have lost billions in funds. So far, more than $2.1 billion worth of crypto has been stolen this year, according to the on-chain security firm CertiK.
Reflecting on these crypto scams in 2025, Ronghui Gu, the co-founder of CertiK, recently spoke with local media, stating, ‘The majority of this $2.1 billion was caused by wallet compromises, key mismanagement, and operational issues.’
He further highlighted the most common types of crypto hacks that are growing in this rapidly evolving market. In a recent interview, Ronghui noted that social engineering scams, such as address poisoning, are more common than protocol-level crypto hacks.
Total Crypto Losses Near $90 Billion Since Inception
With all the crypto scams and hacks since the inception of the industry, the Rekt Database has recorded a total loss of $89.201 billion worth of cryptocurrencies across 2,969 events.
Out of this substantial amount, only $6.819 billion worth of crypto has been recovered so far.
