Crypto Hack Losses Jump 27% in July to $142M, Led by CoinDCX and GMX

Key Points

1. Crypto hack losses in July 2025 totaled $142 million, a 27.2% increase from June, with 17 major security breaches reported.

2. CoinDCX lost $44.2 million due to an insider breach involving a compromised employee, with funds distributed across six wallets and potential links to North Korea’s Lazarus Group.

3. GMX suffered a $42 million re-entrancy exploit but recovered $40.5 million through a white-hat agreement, with the attacker keeping a $5 million bounty.

4. Other significant breaches included BigONE ($28 million), WOO X ($12 million), and Future Protocol ($4.2 million).

5. In the first half of 2025, crypto investors lost over $2.2 billion to hacks and scams, with $187 million recovered through law enforcement and white-hat efforts.