Crypto Hacks Surge 15% in August, $163 Million Stolen

In August 2025, cryptocurrency hacks witnessed a significant spike, leading to losses of $163 million across major exchanges and decentralized finance (DeFi) platforms. The largest theft involved Bitcoin wallets, totaling $91.4 million in stolen funds. These incidents took place on both exchanges like BtcTurk and DeFi platforms. Cybersecurity firm Cyvers Alerts reported on various blockchain network breaches.