Be on the lookout! The Biggest Crypto Hacks of August

Jakarta, Pintu News – In August, the crypto industry was once again shocked by a series of hacks that resulted in huge losses. According to data from blockchain security firm PeckShield, crypto hacking losses in the month amounted to approximately $163 million. This marks a significant increase over the previous month.

August’s Biggest Hacks

An unidentified Bitcoin (BTC) holder suffered a massive loss totaling $91.4 million. This was a devastating event for the individual and shows how important security is in the storage of crypto assets.

On the other hand, a major exchange from Turkey, BtcTurk, suffered a loss of $54 million due to the hack. This is the second time they’ve had a security breach in just over a year, showing that even large platforms are vulnerable to cyberattacks.

Also Read: Altcoin Surge 2025: An Interesting Investment Opportunity to Watch As the Year Ends!

Significant Increase in Losses

When compared to July, where the total losses were $142 million, August showed a 15% increase in losses. This marks a worrying trend in the crypto industry, where the value of losses continues to increase month-on-month.

Indian crypto exchange CoinDCX suffered the biggest loss in July totaling $44.2 million. This shows that security concerns are a global issue affecting exchanges around the world.

The Biggest Hacks of 2025

One of the biggest hacks recorded in 2025 was the Bybit hack, which resulted in a loss of $1.5 billion. This hack was carried out by the Lazarus group in February and was part of a series of major hacks that occurred in the first quarter of the year.

DeFi protocol Cetus also suffered a huge loss of $223 million in May. This is a major blow to the emerging DeFi sector, showing that this new financial technology is still highly vulnerable to cyberattacks.

Conclusion

The mounting losses month after month and year after year show that security should be a top priority in the crypto industry. The lessons from these hacks should be used as a basis to improve security standards and protect users’ assets.

Also Read: Bitcoin Price Increase Prediction: Analyst Dave The Wave Reveals Potential Spike in September!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. These Were the Biggest Crypto Hacks of August. Accessed on September 2, 2025