Crypto hacks drained over $140 million in July a 27% jump with CoinDCX losing $44 million, PeckShield reports 17 major breaches last month.

Blockchain security firm PeckShield reported that crypto platforms lost roughly $142 million to hacks in July across 17 major incidents, a 27% increase over the approximately $111 million stolen in June. Losses were heavily concentrated in a handful of large breaches, with the top five incidents accounting for more than $130 million. Despite the month‑on‑month rise, July’s total was still significantly below July 2024, when around $266 million was stolen, largely due to the $230 million WazirX hack. The largest July 2025 incident was the attack on Indian exchange CoinDCX, where hackers drained about $44.2 million from an internal operational account used for liquidity provisioning, while customer cold‑wallet funds remained unaffected. Decentralized derivatives protocol GMX was hit for about $42 million via a smart contract vulnerability, though roughly $40.5 million was later returned, leaving a net loss but highlighting ongoing DeFi risks. Other sizable breaches included BigONE Exchange (~$28 million), WOO X (~$12 million), and Future Protocol (~$4.2 million), reflecting a continued pattern of smart contract flaws, compromised keys, and other technical weaknesses being exploited at scale. The figures add to a broader trend of multi‑billion‑dollar annual losses from hacks and scams documented in prior PeckShield reports, underscoring persistent security gaps even as some funds are occasionally recovered.

✨ AI-generated background, compiled from web sources — not editorial content.

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