Crypto exploit losses jump 15% in August 2025 to $163M

16 major hacks in August 2025 resulted in over $163 million in losses. Blockchain security firm PeckShield reported the figures. This marks a 15% increase from July 2025, when $142 million in assets were stolen.

The largest exploit of the month was a $91.4 million theft from a Bitcoin holder, who fell victim to social engineering. Scammers impersonated exchange and hardware wallet customer support to gain access to the victim’s private information, according to blockchain investigator ZachXBT. Next, Turkish cryptocurrency exchange BtcTurk suffered a $54 million breach, marking its second major hack in just over a year, following a $54 million incident in June 2024.

Memecoin launchpad Odin.fun, DeFi protocols Better Bank and Credix Finance lost $7 million, $5 million, and $4.5 million, respectively. 

2025 has already surpassed 2024 in total crypto hack losses. In a July report, crypto investigation company Chainalysis stated that $2 billion was lost in the first half of the year, representing 17% more stolen value year-to-date than in 2022, previously the worst year on record. Notably, the $1.5 billion ByBit hack in February was the largest crypto theft to date. The attack was attributed to North Korea’s Lazarus Group, a state-sponsored hacking collective known for generating illicit revenue through cyberattacks.

Chainalysis notes that personal wallet compromises are becoming a growing part of total crypto theft, accounting for 23.35% of all stolen funds year-to-date in 2025. “Wrench attacks” – physical violence or threats against crypto holders, appear linked to Bitcoin price movements, indicating targeting during high-value periods. Chainalysis projects that stolen funds could potentially reach $4 billion by year’s end.