Crypto losses surge to $142M in July as hackers exploit weak infra
Main Idea
Cryptocurrency losses surged to $142 million in July 2025 due to hacks targeting weak infrastructure, with Indian exchange CoinDCX suffering the largest loss of $44 million.
Key Points
1. Bad actors stole $142 million from crypto platforms in July across 17 incidents.
2. Indian crypto exchange CoinDCX reported the largest loss at $44 million due to a server-side compromise.
3. Decentralised derivatives platform GMX lost approximately $40.5 million in Ethereum and Frax Dollar.
4. Centralised exchange BigONE lost $28 million, and WOO X lost at least $12 million in separate incidents.
5. Total crypto lost to hacks in 2025 has exceeded $2.8 billion, surpassing the $1.87 billion lost in all of 2024.
Description
The cryptocurrency industry lost roughly $142 million to hacks and scams in July, with Indian crypto exchange CoinDCX bearing the largest losses following a multi-million-dollar hack. On August 1, blockchain security firm PeckShield reported that 17 separate incidents contributed to the total loss, representing a 27% increase from the $111 million stolen in June. Although this was a notable uptick from the previous month, PeckShield said the number was lower than the same period last year, when ...
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