01.08.2025 10:28

July 2025 witnessed a significant surge in cryptocurrency hacks, resulting in staggering losses. According to data analysis from PeckShield, these attacks totaled $142 million, representing a substantial 27.2% increase compared to June's $111.6 million. This alarming figure underscores the persistent vulnerability within the cryptocurrency ecosystem.

A total of seventeen major security incidents plagued the month, with CoinDCX, GMX, and BigONE exchanges suffering the most significant breaches. CoinDCX, an Indian cryptocurrency exchange, experienced the largest single hack, losing a staggering $44.2 million. This attack alone accounted for a significant portion of the month's total losses, highlighting the scale of the security failure.

BigONE exchange followed closely, with a $28 million loss, securing its place as the third largest hack of July. Further substantial losses were reported by WOOX ($12 million) and Future Protocol ($4.2 million). These five breaches alone contributed the majority of the $142 million stolen during the month. The concentration of losses among these exchanges indicates a potential need for improved security protocols within the industry.

Analysis of the stolen cryptocurrency revealed diverse movement patterns across various platforms. Hackers dispersed the stolen assets, with notable transactions including the movement of 10,000 ETH and 10.5 million FRAX tokens. Other transactions involved smaller amounts of various tokens, sent to numerous, varied addresses.

Remarkably, the perpetrator responsible for the GMX exploit voluntarily returned approximately $40.5 million worth of cryptocurrency, comprising 10,000 ETH and 10.5 million FRAX tokens. While this recovery mitigates the overall losses for July, it simultaneously underscores the ongoing security challenges facing cryptocurrency platforms. The ongoing trend of rising crypto hacks in 2025, as evidenced by July's figures, demands urgent attention to strengthen security measures across the board.