Cryptocurrency Hacks Surge by 15% in August 2025

Cryptocurrency security has been hit hard with hacks soaring by 15% in August 2025, resulting in a loss of $163 million across 16 separate incidents. The majority of these attacks targeted both centralized exchanges and DeFi protocols. A notable case involved BtcTurk, which suffered its second major breach within a year, leading to losses exceeding $54 million. The increase in hacking activity raises concerns about overall security vulnerabilities in the crypto ecosystem.