In July 2025, the number of cyberattacks on crypto platforms increased, leading to significant financial losses. The total losses exceeded $142 million.
Losses from Cyberattacks in July
According to PeckShield data, 17 major attacks were reported in July 2025, resulting in total losses of $142 million. This represents a 27% increase from June, when losses amounted to $111.6 million. Most of the damage was concentrated in just five incidents, highlighting the rapid evolution of attack methods.
Major Affected Platforms
The leading victims of cyberattacks in July included CoinDCX and GMX. CoinDCX, a major Indian exchange, lost $44.2 million due to an attack that occurred on July 19. Initial reports cited a server breach, but it was later revealed that the attack was triggered by malware sent through a fake job offer. GMX also suffered, losing $42 million due to a contract vulnerability.
Speed of Laundering Stolen Funds
Another concern is the speed with which attackers now launder stolen funds. A report by Global Ledger indicated that in the first half of 2025, stolen assets were often moved within minutes. In one case, the entire laundering process took less than three minutes. In nearly 70% of cases, funds were already in motion before the incident was publicly disclosed, complicating timely responses from compliance and centralized exchanges.
The situation with cyberattacks on crypto platforms continues to deteriorate, emphasizing the pressing need for enhanced internal security systems and quicker response times.
