Crypto Hacks Surge in July with Over $142M Stolen Across 17 Major Attacks

The crypto industry faced a continuous wave of cyberattacks in July. A total of $142 million has been stolen by hackers in just a month, making this a brutal month for the crypto community. Blockchain security firm, PeckSheild, revealed in a report that losses totaled $142 million in 17 high-impact exploit cases. This makes it a 27% increase from June’s $111.6 million stolen in hacks. The rise in numbers underscores the growing sophistication and speed of cybercriminals in the crypto space.

$142 Million Stolen in Crypto Hacks

Among the most devastating incidents was the $44.2 million exploit of CoinDCX, one of India’s leading crypto exchanges. Initially believed to be a server breach, later investigations by local authorities confirmed the attack stemmed from malware embedded in a fake job offer. A CoinDCX employee unknowingly activated the malicious code, exposing critical internal systems.

“This event shows that even well-established firms with strong reputations can be vulnerable if internal security protocols aren’t airtight,” said a PeckShield analyst.

GMX, a decentralized derivatives system, was another high-profile target. It lost $42 million because of a flaw in a smart contract. The attacker gave back about $40.5 million in Ethereum and Legacy Frax Dollar.

Other significant breaches included:

• BigONE Exchange – $28 million
• WOO X – $12 million
• Future Protocol – $4.2 million

Even with the partial recovery of GMX, the crypto industry still lost more than $100 million in net value for the month, showing that its security problems are far from finished.

Cybersecurity experts are worried not only about the amount of money stolen, but also about how quickly attackers can now get away with it. A report from the blockchain forensics company Global Ledger shows a worrying trend: hackers are not only attacking more often, but they are also washing digital assets at historic speeds.

“The fastest attacker movement in the first half of 2025 occurred in just four seconds,” the report noted. In one instance, a complete laundering cycle, from the initial theft to final fund obfuscation, was completed in under three minutes.

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Global Ledger’s data shows that in nearly 70% of cases, stolen assets were already in motion before any public disclosure of the attack. This gives authorities, compliance teams, and exchanges very little time to respond or freeze assets.

In the first half of 2025, only 4.6% of stolen money was recovered, even though there are advanced methods for tracking blockchain transactions.

Many of the attacks in July took advantage of weaknesses that are still hard to protect against, such as faults in smart contracts, malicious transaction approvals, and stolen private keys.

The report states that to stop the rise in cybercrime, we need faster detection systems and more limits on who can access internal systems. Platforms may always be behind if they don't have them.

As the business grows, so does the target on its back. The headlines in July about so many robberies are a clear warning that security must keep up with criminals' creativity.