{"id":45311,"date":"2025-09-01T09:59:40","date_gmt":"2025-09-01T06:59:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45311"},"modified":"2025-09-01T10:00:13","modified_gmt":"2025-09-01T07:00:13","slug":"august-crypto-hacks-result-in-163-million-losses","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/august-crypto-hacks-result-in-163-million-losses\/","title":{"rendered":"August Crypto Hacks Result in $163 Million Losses"},"content":{"rendered":"<p>In August, the crypto industry suffered losses amounting to $163 million due to hacks. Analysts at PeckShield recorded approximately 16 major attacks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> In August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163M\u2014a 15% increase from July&#8217;s $142M.<\/p>\n<p>Notably, <a href=\"https:\/\/twitter.com\/btcturk?ref_src=twsrc%5Etfw\">@btcturk<\/a> suffered its second major breach in just over a year, losing over $50M after a $54M hack in June 2024., bringing their\u2026 <a href=\"https:\/\/t.co\/JWiWNEDdZW\">pic.twitter.com\/JWiWNEDdZW<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1962362569555157316?ref_src=twsrc%5Etfw\">September 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This figure represents a 15% increase compared to July, when losses reached $142 million.<\/p>\n<p>One of the targets for hackers <a href=\"https:\/\/forklog.com\/en\/news\/btcturk-halts-withdrawals-amid-suspicious-48-million-transactions\">was<\/a> the Turkish crypto exchange BtcTurk. The platform lost assets worth $54 million. This marks the second major breach of the exchange in the past year. In June 2024, attackers <a href=\"https:\/\/forklog.com\/en\/news\/hackers-breach-turkish-exchange-btcturk-causing-54-million-loss\">extracted<\/a> over $50 million from BtcTurk.<\/p>\n<p>The largest single incident of the month involved a private bitcoin investor. The user lost <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-investor-defrauded-of-91-million\">783 BTC (~$91 million)<\/a> due to a social engineering attack.<\/p>\n<p>The top five largest incidents in August also included:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/forklog.com\/en\/news\/hackers-extract-7-million-in-bitcoin-from-odin-fun-platform\">Odin.fun<\/a> \u2014 $7 million;<\/li>\n<li>BetterBank.io \u2014 $5 million;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/credix-team-disappears-following-4-5-million-hack\">CrediX Finance<\/a> \u2014 $4.5 million.<\/li>\n<\/ul>\n<p>In August, the founder of CertiK and Columbia University professor Junhui Gu <a href=\"https:\/\/forklog.com\/en\/news\/certik-founder-describes-battle-with-hackers-as-endless\">stated<\/a> that the crypto industry is engaged in an &#8220;endless war&#8221; with hackers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, the crypto industry suffered losses amounting to $163 million due to hacks. Analysts at PeckShield recorded approximately 16 major attacks.<\/p>\n","protected":false},"author":1,"featured_media":45312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Crypto hacks in August led to $163 million in losses, with 16 major incidents reported.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1252],"class_list":["post-45311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"326","promo_type":"1","layout_type":"1","short_excerpt":"Crypto hacks in August led to $163 million in losses, with 16 major incidents reported.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45311"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45311\/revisions"}],"predecessor-version":[{"id":45313,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45311\/revisions\/45313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45312"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}