Crypto Hacks Rise for 3rd Consecutive Month
August saw the third consecutive rise in monthly crypto hacks as fraudulent actors took action within the market-wide bullish sentiment.
According to an X post by PeckShield, the ecosystem witnessed 16 breaches last month.
#PeckShieldAlert In August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163M—a 15% increase from July's $142M.
Notably, @btcturk suffered its second major breach in just over a year, losing over $50M after a $54M hack in June 2024., bringing their… pic.twitter.com/JWiWNEDdZW
— PeckShieldAlert (@PeckShieldAlert) September 1, 2025
In total, the amount of crypto assets lost to hackers reached $163.2 million, with the top five incidents making up to 99% of the total number. This is the third rise, as June saw $111 million and July recorded $142 million in breaches.
The largest hack belongs to a long-term Bitcoin BTC $108 757 24h volatility: 0.4% Market cap: $2.17 T Vol. 24h: $36.13 B holder that lost over $91 million. Moreover, the Turkish crypto exchange BtcTurk was hacked for $54 million due to some “technical issues” with its hot wallets.
Odin Fun, a meme coin launchpad on Bitcoin, lost 58.2 BTC, worth roughly $7 million, on Aug. 13. BetterBank and CrediX Finance follow closely with $5 million and $4.5 million lost to hackers, respectively.
These hacks usually undermine the industry’s reputation and investor sentiment.
However, the crypto market recorded a notable surge in mid-August, with BTC reaching an ATH of $124,457 and Ethereum ETH $4 390 24h volatility: 1.9% Market cap: $530.09 B Vol. 24h: $26.80 B breaking its four-year course to an ATH $4,953.
The decentralized finance sector is also steady above the $150 billion mark despite the selloff in late August.
The post Crypto Hacks Rise for 3rd Consecutive Month appeared first on Coinspeaker.
Crypto Hacks Rise for 3rd Consecutive Month
August saw the third consecutive rise in monthly crypto hacks as fraudulent actors took action within the market-wide bullish sentiment.
According to an X post by PeckShield, the ecosystem witnessed 16 breaches last month.
#PeckShieldAlert In August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163M—a 15% increase from July's $142M.
Notably, @btcturk suffered its second major breach in just over a year, losing over $50M after a $54M hack in June 2024., bringing their… pic.twitter.com/JWiWNEDdZW
— PeckShieldAlert (@PeckShieldAlert) September 1, 2025
In total, the amount of crypto assets lost to hackers reached $163.2 million, with the top five incidents making up to 99% of the total number. This is the third rise, as June saw $111 million and July recorded $142 million in breaches.
The largest hack belongs to a long-term Bitcoin BTC $108 757 24h volatility: 0.4% Market cap: $2.17 T Vol. 24h: $36.13 B holder that lost over $91 million. Moreover, the Turkish crypto exchange BtcTurk was hacked for $54 million due to some “technical issues” with its hot wallets.
Odin Fun, a meme coin launchpad on Bitcoin, lost 58.2 BTC, worth roughly $7 million, on Aug. 13. BetterBank and CrediX Finance follow closely with $5 million and $4.5 million lost to hackers, respectively.
These hacks usually undermine the industry’s reputation and investor sentiment.
However, the crypto market recorded a notable surge in mid-August, with BTC reaching an ATH of $124,457 and Ethereum ETH $4 390 24h volatility: 1.9% Market cap: $530.09 B Vol. 24h: $26.80 B breaking its four-year course to an ATH $4,953.
The decentralized finance sector is also steady above the $150 billion mark despite the selloff in late August.
The post Crypto Hacks Rise for 3rd Consecutive Month appeared first on Coinspeaker.