Crypto Heist Surge: Hackers Net $163 Million in August

In August alone, crypto thefts reached a staggering $163 million across 16 separate attacks, according to blockchain security firm PeckShield. This marked a significant increase compared to July’s losses ($142 million), though it still saw a substantial drop from the previous year’s figures. Experts attribute this surge in cybercrime to hackers shifting their tactics, targeting high-value assets on centralized exchanges and individual accounts.