Crypto Hack Rate Soars by 15% in August, With $163 Million Lost to Major Incidents

August witnessed a concerning surge in cryptocurrency hacking incidents. This month alone, criminals stole an estimated $163 million from across 16 major breaches, resulting in a 15% increase compared to July’s figures. The most notable theft involved a Bitcoin investor losing over half of the total losses due to a sophisticated social engineering attack, while Turkey’s BtcTurk exchange faced further breaches leading to significant financial losses. PeckShield’s analysis reveals that these attacks targeted both exchanges and DeFi protocols, impacting individuals and businesses across the crypto ecosystem.