Hackers continue to attack the crypto market: losses in July exceeded $90 million
Date: 2025-08-04 Author: Oliver Abernathy Categories: BUSINESS
According to the analytics company PeckShield, last month the damage from hacks and attacks on crypto platforms amounted to $92.6 million. Despite the impressive volume, this figure is 46% less than for the same period in 2024, when hackers stole $266 million.
Among the largest incidents, three attacks stand out. The first place is taken by the hack of the Indian exchange CoinDCX, from which criminals withdrew digital assets worth over $44 million. The second largest incident was with the BigONE platform: the attackers stole about $27 million from hot wallets. The third was a phishing hack of the WOO X trading platform, as a result of which more than $14 million was stolen.
Analysts emphasize: attack methods are significantly evolving. Previously, hackers focused on vulnerabilities in smart contracts and protocols of decentralized projects. Now they are increasingly moving to compromising infrastructure: hacking servers, gaining access to internal databases and work devices of crypto companies' employees.
PeckShield notes that such a shift in strategy requires new approaches to ensuring security. The company calls for strengthening infrastructure protection, regularly updating cybersecurity systems and training employees to recognize phishing and other forms of social engineering.
Interestingly, in June 2025, the volume of losses from attacks was also lower than in previous months: $111.6 million in losses were recorded, which is 56% less than in May. Although the overall trend shows a decrease, the constant change in the tactics of attackers indicates the need for constant improvement of protection tools.
Experts warn that cybercriminals are adapting faster than regulators and companies can react. That is why, despite the current decline compared to last year, the cyber threat to the crypto market remains very relevant.
