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4w ago

Crypto Thefts Hit $163 Million in August as Fewer, Bigger Hacks Target Exchanges and Wallets

Analysts tie the surge to access-control breakdowns, with rapid cross-chain laundering leaving little chance of clawbacks.

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August proves deadly for crypto: $163 mln lost to wallet, exchange breaches

Overview

  • PeckShield tallied about $163 million stolen across roughly 16 incidents in August, a 15% rise from July’s $142 million.
  • The largest single loss was 783 BTC (~$91.4 million) taken from a long-time holder after a support-impersonation scam, with funds funneled through Wasabi Wallet.
  • Turkey’s BtcTurk confirmed an estimated $54 million hot-wallet breach, its second major hack since June 2024, with affected wallets frozen and investigations underway.
  • Other notable cases included Odin.fun ($7 million), BetterBank.io ($5 million), and CrediX Finance ($4.5 million), reflecting risks across both major exchanges and smaller platforms.
  • PeckShield flagged laundering patterns consistent with the Lazarus Group and reported recovery rates near 7–8%, while average losses per exploit have more than doubled from a year earlier.