The cryptocurrency sector faced new challenges in August 2025, with losses from cyberattacks increasing by 15% compared to the previous month.
Major Incidents: Exchange Breaches and Personal Losses
In August 2025, significant losses were reported, with the most notable being the theft of 783 bitcoins worth $91.4 million on August 19. The attacker impersonated a support agent from a wallet provider and tricked the victim into sharing private credentials. Turkish exchange BtcTurk was also targeted in a major breach, losing between $48 million and $54 million. Cyvers reported the incident as a multi-chain attack on Ethereum, Arbitrum, and other networks. The DeFi protocol BetterBank.io suffered $5 million in a breach of its ESTEEM reward system.
Further Exploits and Systemic Vulnerabilities
Hackers stole 58.2 BTC, valued at $7 million, from the memecoin platform Odin.fun in less than two hours through a liquidity manipulation attack on a low-value token called SATOSHI. CrediX Finance experienced a $4.5 million exploit due to a multisignature wallet compromise. Initial claims of negotiations for retrieving stolen funds were disproved when the development team disappeared, indicating the incident as an exit scam. According to PeckShield, over 78% of this year's hacks exploited private key exposure.
Surge in Crypto-Related Crimes in France
Physical violence related to crypto continues to be a worrying trend, with a former crypto trader kidnapped on August 28 for a EUR10,000 ransom. This marks the tenth related abduction in France in 2025. French authorities link these acts to organized crime targeting crypto holders. The increasing number of physical assaults highlights the growing threat associated with crypto assets.
August 2025 proved challenging for the cryptocurrency sector, with rising cyberattacks and aggressive actions from organized crime underscoring the urgent need for enhanced security measures at both individual and corporate levels.
