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Crypto Hacks in August amounts to $ 163 million, 15% more than as of July: Peckshield

Crypto Hacks in August amounts to $ 163 million, 15% more than as of July: Peckshield

The most harmful trend in cryptography continues to wreak havoc in the industry, and every month sees an increase in the severity of users and institutions.

Crimes continue to evolve in complexity and type, which makes it increasingly difficult to react quickly and minimize losses.

Numbers

The Blockchain Peckshield security firm published its report last month, revealing the unfortunate increase in cryptographic crimes in the last two months. The findings indicate that Julio saw $ 142 million lost by feats, while August marked an increase of 15%, marking a total of $ 163 million in losses.

The publication (embedded) highlights the most vicious attacks, with the most prominent being a social engineering robbery that exceeds $ 91 million in Bitcoin stolen from a long time.

The largest cryptographic exchange in Türkiye, BTCURK, continues, with more than $ 50 million missing. This is also the second instance in which a security vulnerability has been exploited during the last year.

Memecoin Launchpad Odin.Fun was drained of $ 7 million in Bitcoin due to manipulation in its automated market manufacturer (AMM), linked to Chinese computer pirates. In addition, Defi Bank Betterbank.io was stolen of $ 5 million, despite having recently been audited by Zakyo.

The last incident The CREDIX loan platform was observed, which was recently launched, where a bad actor abused several administrative roles within the protocol and kidnapped $ 4.5 million.

Crime never sleeps

Reports indicate that this year is currently the worst for cryptocurrency hacks, and with this rhythm, losses will probably exceed $ 4 billion by the end of 2025.

Personal wallet commitments represent a growing part of robberies, with more than 23% of attacks linked to individual users to date.

The “English key” or physical attacks are also a growing trend, closely following Bitcoin prices movements, showing an increase in this type of violence in periods of price jumps.

The largest concentration of victims seems to be from the United States, Germany, Russia and Canada, among some other countries.

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