A worrying trend emerged in August 2025 with a significant spike in cryptocurrency hacks and scams, as per a recent study by PeckShieldAlert. This increase reflects a rising vulnerability within the digital currency ecosystem. The investigation revealed an alarming total of $163 million in losses attributed to these attacks, showcasing a disturbing upward trend compared to July’s $142 million. 16 major hacks occurred during this month alone, impacting various platforms and investors. Key examples include BtcTurk, which suffered a multi-chain exploit resulting in over $50 million lost, while others such as BetterBank.io experienced a significant theft of funds via the use of counterfeit liquidity pools.