Cyvers released its 2025 Web3 Security and Fraud Report revealing that crypto fraud has industrialized, involving nearly 19,000 active fraudulent groups globally. The report found that losses from fraud ($16 billion) now vastly exceed traditional hacking exploits ($2.5 billion), with access control failures causing most losses. It also highlighted evolving attack methods like supply chain vulnerabilities and widespread impacts on over 140 exchanges and their users.