Year in review

2025 in crypto failure

Every CryptoMortem record with a primary date in 2025, ordered chronologically. Affected funds across these records total roughly $7.0 billion.

• Depeg·April 13, 2025resolved

  Mantra OM Token Crash — April 2025

  The OM token, native asset of the Mantra Chain, lost approximately 90 percent of its market value over the course of a few hours on 13 April 2025. The team attributed the collapse to forced liquidations on offshore venues; on-chain analysts identified pre-event token movements from team-associated addresses.

  $5.50B affected
• Hack·February 21, 2025ongoing

  Bybit Cold-Wallet Hack — February 2025

  During a routine multi-sig transfer from an Ethereum cold wallet, malicious code injected into the signing UI tricked three Bybit executives into approving the transfer of approximately 401,000 ETH to a Lazarus-controlled address — at $1.46 billion, the largest cryptocurrency theft on record.

  $1.46B affected