The crypto market experienced significant losses during August 2025, amounting to nearly $163 million across 16 major hacks. A notable incident saw a single victim lose $91.4 million, while BtcTurk reported losses of $54 million. This figure represents a substantial increase compared to July’s losses, which stood at $142.16 million. In June, the collective loss was $111.63 million. However, 2025 has witnessed significant fluctuations in losses throughout the year, with February reporting the highest losses at $1.51 billion. April follows closely behind with $402.11 million in total losses. In May, cumulative losses amounted to $254.96 million. Notably, while other months saw losses exceeding $110 million, only January and March witnessed losses below $100 million. 2025’s top victims include ODIN(dot)FUN, losing $7 million, BetterBank(dot)io ($5 million), and Credit Finance ($4.5 million). The report by PeckShield reveals that the top five hacks accounted for a remarkable 99% of the total stolen funds in August 2025, amounting to $161 million. This surge in hack activity highlights the urgent need for enhanced security measures within the crypto market.