August Crypto Hacks Result in $163 Million Losses

In August, the crypto industry suffered losses amounting to $163 million due to hacks. Analysts at PeckShield recorded approximately 16 major attacks.

#PeckShieldAlert In August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163M—a 15% increase from July’s $142M.

Notably, @btcturk suffered its second major breach in just over a year, losing over $50M after a $54M hack in June 2024., bringing their… pic.twitter.com/JWiWNEDdZW

— PeckShieldAlert (@PeckShieldAlert) September 1, 2025

This figure represents a 15% increase compared to July, when losses reached $142 million.

One of the targets for hackers was 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 extracted over $50 million from BtcTurk.

The largest single incident of the month involved a private bitcoin investor. The user lost 783 BTC (~$91 million) due to a social engineering attack.

The top five largest incidents in August also included:

In August, the founder of CertiK and Columbia University professor Junhui Gu stated that the crypto industry is engaged in an “endless war” with hackers.

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