While the market went up in July, Crypto Hacks also saw a significant increase compared to the previous month, with cryptocurrency exchanges that have lost more than $ 100 million in the last 30 days. This follows a trend regarding this year, which suggests that the theft of digital activity services could reach a new milestone by the end of 2025.
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Cryptographic exchanges forgive $ 114 million in July
On Friday, the security company PeckShield observed that the total losses of Crypto Hacks reached $ 142 million in July, with cryptocurrency exchanges at the top of the list. COINDCX, GMX and Bigone recorded 80% of total losses.
In particular, Indian Exchange COINDCX underwent the highest loss of the month after a safety violation on July 19 involved the transfer of $ 44 million to USDT by one of the platform with six unknown personal wallets.
The hackers were able to access the Crypto Exchange system after compromising the access credentials of an employee. Recent reports have revealed that the employee was presumably attracted to a false employment task and has persuaded to download and use his designated laptop COINDCX to complete the activities, unloading ignorantly files with malware.
In the meantime, perpetual and Crypto Exchange Gmx spot recorded the second largest hack of the month after losing about $ 42 million on July 9 when an attacker exploited a vulnerability in the first version of the Protocol on Arbitrum.
The GMX V1 V1 Vulnerability contract that allowed the attacker to manipulate the price of the token GLP through the calculations of the system, resulting in transferring about 42 million dollars of activities transferred from the GLP pool to an unknown wallet.
However, the accident saw a happy ending after the hacker accepted generosity and returned most of the funds. As reported by NewsBTC, the exploiter returned Frax for a value of $ 10.49 million and 10,000 ETH, worth $ 30 million, on 11 July.
2025 The continuous alarming tendency
Based on the data of the previous reports of PeckShield, Q2 has shown a decreasing trend in total cryptocurrency losses, with May and June that record the decline of 40% and 56% of month on month on month respectively.
However, the short -term tendency changed in July since the total value of the stolen funds increased by 27.2% from $ 111.6 million in June. In addition, the total number of main accidents slightly increased by 13.3%, by 15 accidents recorded in June to 17 hacks in July.
This follows a wider trend that develops this year, as explained by the chain of its “mid -year update of the cryptographic crime of 2025”. In the report, the chain analysis company revealed that the theft of crypt this year was “more devastating” of the whole 2024, with over $ 2.7 billion in funds stolen by Crypto Services in the first half.
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By the end of June, greater value had been stolen since the beginning of the year (YTD) compared to the same period of 2022, suggesting that the theft of cryptocurrency services could potentially increase another 60% by the end of the year.
In addition, the Ytd activity shows a steep trajectory at the end of the first half, with a alarming speed and consistency, compared to previous years. For reference, 2025 took 142 days to hit the score of $ 2 billion in value stolen from the platforms, while 2022 reached this volume in 214 days.
“If this trend continues, we could see the end of 2025 with over 4.3 billion dollars stolen from the services only”, provided for the report.
In the foreground image from Usplash.com, graphic designer from tradingview.com