A new report from CertiK assessed the RWA (real-world assets) market in 2025 and found a growing wave of hacks. Criminals have started shifting their approach during the first half of the year, hammering on the technology’s weaknesses.
Also, the report highlights how the majority of tokenized assets sit on Ethereum and a few dominant protocols. This concentration means a single major exploit could ripple through the entire $13.9 billion+ RWA sector.
RWA Hacks on the Rise
Blockchain security researchers at CertiK published their Skynet RWA Security Report today. It shows how threats against RWA projects have evolved since 2023, and the attack surface now extends across both on and off-chain assets.
From January to July, the RWA sector lost $14.6 million to hacks and frauds, which is almost as much as the entirety of 2023. So far, there are no signs of stopping, especially since RWAs received a lot of market attention this year.
Unique Hybrid Vulnerabilities
Nonetheless, CertiK doesn’t ascribe economic forces as the reason for this shift. In previous years, RWA crime focused on off-chain threats, with credit and loan defaults representing a substantial chunk of all incidents.
Today, however, the RWA market is undoubtedly becoming more susceptible to hacks:
“The data highlights a clear transformation in the RWA threat landscape. The first half of 2025 shows a complete shift: losses jumped to nearly $14.6 million, and were caused ent
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Author: Landon Manning