According to the source, crypto firms faced a record $2.72 billion in theft in 2025 as attackers expanded across major exchanges and DeFi platforms. According to the source, the breadth of incidents highlights security risk exposure at both centralized exchanges and DeFi protocols that traders must factor into risk management. According to the source, the scale and reach of these thefts warrant heightened due diligence on venue security, custody practices, and smart contract risk when sizing positions and selecting execution venues.