Crypto Nightmare: Hackers Drain $448K From Cyprus Investor’s Wallet in Seconds

Crypto heists strike again—this time targeting a Cyprus-based investor. The digital thieves made off with a cool $448,000, proving once more that even in decentralized finance, old-school theft thrives.

How it happened: While details are scarce, the attack highlights the relentless targeting of high-net-worth crypto holders. Security experts point to phishing or compromised keys as the likely entry point.

The irony? This comes during a bull market surge where everyone’s too busy counting paper gains to check their backdoor security. Maybe that ‘number go up’ mentality needs a reality check.

Crypto Hacks Reach Record Losses in 2025

The Cyprus case adds to an alarming rise in crypto-related crimes this year. Hacken has revealed that in 2025, the industry took a massive hit, losing $3.1 billion to hacks and scams. 

This amount already exceeds last year’s loss of $2.85 billion by more than 6%. And 59% of the stolen funds, which adds up to $1.83 billion, came from access-control failures across both DeFi and CeFi platforms.

More recently, on YouTube, scammers posing as Ripple tried to defraud unsuspecting users. Ripple’s CEO, Brad Garlinghouse, stated on X that the company was actively prosecuting scammers. This came after an earlier 2021 case by Ripple against YouTube for impersonation fraud that was settled amicably.

Also Read: Inside CoinDCX’s $44M Breach: What Really Happened and Why It Feels Too Familiar