Crypto hacks spiked to $142M in July

Crypto hacks spiked to $142 million in July according to PeckShield data analysis. The monthly total shows 27.2% increase from June’s $111.6 million in losses. Seventeen major security incidents occurred during the trading period consistently. CoinDCX, GMX, and BigONE exchange dominated the monthly hack leaderboard with substantial losses. July hack totals exceed $142M with CoinDCX leading July 2025 witnessed approximately 17 major crypto hacks with a combined loss of $142.16 million. The amount for the month records a 27.2% increase from the $111.6 million stolen in June. Data from PeckShield shows continued security vulnerabilities in cryptocurrency platforms and protocols. CoinDCX was the biggest single hack losing $44.2 million in the month. The hack on the Indian cryptocurrency exchange topped the monthly leaderboard for funds stolen. GMX experienced a $42 million exploit but recovered the stolen cryptocurrency assets later on. #PeckShieldAlert In July 2025, ~17 major crypto hacks were recorded, resulting in total losses of $142M—a 27.2% increase (from $111.6M in June). Notably, the #GMX exploiter has returned ~$40.5M worth of cryptos, including 10K ETH and 10.5M $FRAX . #Top5 Hacks in July 2025:… pic.twitter.com/Y5VLUILq5Z — PeckShieldAlert (@PeckShieldAlert) August 1, 2025 BigONE exchange lost $28 million becoming July’s third-largest hack. WOOX lost $12 million and Future Protocol lost $4.2 million respectively. Five largest hacks accounted for most of the monthly stolen funds. Crypto stolen funds movement analysis shows varied movement patterns on varied platforms. 10,000 tokens worth 10.5 million were moved by hackers to varying destinations like exchanges. Other moves included 1,734 tokens, 500 tokens, and 1,103.3 tokens to varying addresses. The GMX exploiter returned voluntarily about $40.5 million in cryptocurrencies. The recovery included 10,000 ETH and 10.5 million FRAX tokens to protocol. The recovery decreases net monthly losses but indicates repeated security issues. Monthly hacking statistics follow 2025’s trend of rising cases of cryptocurrency theft. The frequency and magnitude of attacks continue to be a recurring problem for the industry players. Defense continues to be ineffective against advanced modes of attacks employed by hackers. 2025 crypto hacks account record-breaking $2.17 billion Cryptocurrency hacks amounted to more than $2.17 billion siphoned from services so far in 2025 according to Chainalysis . The year is worse than the whole of 2024 in all metrics. The DPRK’s $1.5 billion ByBit hack makes up the majority of service losses. By the end of June, 17% more value was stolen year-to-date compared to 2022 so far. Current trends indicate stolen funds from services will surpass $4 billion annually. The trend is one of steady acceleration in volumes of theft throughout the year. Individual wallet compromise now represent 23.35% of total stolen fund activity. Attackers are now more likely to target individual users than they are exchanges. Personal wallet thefts now have $8.5 billion in crypto on-chain waiting to be laundered. Physical “wrench attacks” with violence reflect Bitcoin price volatility in kind. Opportunistic attacks are carried out at high-value times based on patterns of analysis. The violent aspect elevates human influence above monetary loss alone. Geographic concentrations indicate high victim clusters in US, Germany, Russia, and Canada. Japan, Indonesia, and South Korea also have high theft incidents on a regular basis. Fastest growth rates were experienced in Eastern Europe, MENA, and CSAO regions. Threat actors continuously overspend to transfer stolen funds with fluctuating mean premiums. Multiple over mean to transfer funds on-chain has grown. Laundering activity varies when considering service compromise and solo wallet targeting strategies. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

Source: Cryptopolitan