A troubling trend emerged in August as blockchain security firm PeckShield revealed a significant surge in cryptocurrency hacks, with approximately $163 million lost to hackers. Over 16 trading platforms were affected by security breaches, according to the data. 💰 🔐 💻 📈 📉 🤯 🤕. 🤯 In the most prominent breach, an anonymous Bitcoin holder suffered a staggering loss of $91.4 million. This follows BtcTurk’s second significant cybersecurity incident this year, resulting in the loss of $54 million. Another notable incident involved meme-coin launchpad ODIN•FUN, which lost $7 million due to sophisticated price manipulation tactics. BetterBank and CrediX Finance also secured a place in the top 5, losing a combined total of $5 million and $4.5 million respectively. 🤔 The overall losses from crypto hacks have climbed by 15% compared to July ($142 million to $163 million). However, CoinDCX, Indian exchange, which faced the largest hack in July, still holds the highest loss total for this period of time, although we don’t know the exact figures yet. Please refer to U.Today for more details and insights.