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July Crypto Hacks Surge to $142 Million, CoinDCX Employee Arrested

Exchanges have opened forensic investigations alongside bug bounty schemes, coordinating with law enforcement following a spate of major breaches.

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Overview

  • PeckShield reported that losses in July climbed 27% from June to $142 million across 17 confirmed hacks.
  • CoinDCX lost $44.2 million when malware sent via a fake job offer compromised an employee’s device.
  • GMX fell victim to a $42 million contract vulnerability, with the exploiter returning about $40.5 million afterwards.
  • Global Ledger data shows attackers now move stolen funds in under five seconds, hampering traditional compliance measures.
  • Only 4.6% of stolen crypto assets have been recovered in H1 2025, prompting intensified regulatory scrutiny alongside security overhauls.