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These Were Biggest Crypto Hacks of August

Mon, 1/09/2025 - 5:43
Cryptocurrency exchanges saw $163 million worth of losses related to hacks
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These Were Biggest Crypto Hacks of August
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According to data provided by blockchain security firm PeckShield, roughly $163 million worth of crypto was lost in August to hackers. Overall, a total of 16 cryptocurrency trading platforms were compromised during the previous month. 

Biggest crypto hacks of August 

An anonymous Bitcoin (BTC) holder suffered the biggest cryptocurrency hack of August, suffering a total loss of $91.4 million.

Major Turkish exchange BtcTurk, which suffered its second major security breach in a little over a year in August, parted ways with $54 million.  

As reported by U.Today, Bitcoin-based meme-coin launchpad ODIN•FUN lost $7 million due to a sophisticated price manipulation exploit. 

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BetterBank and CrediX Finance are also in the top 5, losing a total of $5 million and $4.5 million, respectively. 

Notable increase 

The total sum of cryptocurrency losses has grown by 15% compared to July (from $142 million to $163 million). 

As reported by U.Today, Indian exchange CoinDCX endured the biggest cryptocurrency hack of July ($44.2).

Biggest crypto hacks of 2025

Some of the biggest cryptocurrency hacks of 2025 include the infamous Bybit hack, which has resulted in a loss of $1.5 billion. The hack, which was conducted by the Lazarus Group, took place in February and accounted for more than 90% of the funds stolen in the first quarter. 

DeFi protocol Cetus also lost a total of $223 million back in May, which was a big blow to the sector. 

Roughly $2.5 billion worth of crypto had been lost in the first half of 2025 to various hacks and scams, according to data provided by CertiK.  

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