According to PeckShield data analysis, July 2025 saw 17 major hacks in the cryptocurrency sector with total losses amounting to $142.16 million, marking a 27.2% increase from the previous month.
Losses from Major Hacks in July
CoinDCX was the biggest loser in July with $44.2 million in losses. GMX followed with $42 million but managed to recover its stolen assets later. BigONE ranked third with losses amounting to $28 million.
Recovery of Stolen Funds
The GMX exploiter voluntarily returned about $40.5 million in cryptocurrencies, including 10,000 ETH and 10.5 million FRAX. This recovery reduced the overall monthly losses but highlights ongoing security issues.
Increase in Hacking Incidents in 2025
Hacks in 2025 have totaled over $2.17 billion, surpassing the total losses of 2024. The majority of these losses stemmed from the $1.5 billion ByBit hack.
The rising statistics of hacking incidents emphasize the security challenges facing the cryptocurrency industry. The increase in attacks and loss volumes underscores the urgent need for more robust security measures.
