{"id":6310,"date":"2025-08-02T18:13:14","date_gmt":"2025-08-02T18:13:14","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/crypto-hacks-surge-27-in-july-142m-stolen-as-2025-trend-continues\/"},"modified":"2025-08-02T18:13:14","modified_gmt":"2025-08-02T18:13:14","slug":"crypto-hacks-surge-27-in-july-142m-stolen-as-2025-trend-continues","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/crypto-hacks-surge-27-in-july-142m-stolen-as-2025-trend-continues\/","title":{"rendered":"Crypto Hacks Surge 27% In July: $142M Stolen As 2025 Trend Continues"},"content":{"rendered":"

As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges losing over $100 million in the past 30 days. This follows a concerning trend that has been developing this year, which suggests that theft from digital asset services could reach a new milestone by the end of 2025.<\/p>\n

Crypto Exchanges Lose $114 Million In July<\/h2>\n

On Friday, security firm PeckShield noted<\/a> that the total losses from crypto hacks reached $142 million in July, with crypto exchanges topping the list. CoinDCX, GMX, and BigONE recorded 80% of the total losses.<\/p>\n

Notably, Indian exchange CoinDCX suffered the highest loss of the month after a security breach on July 19 resulted in the transfer of $44 million in USDT from one of the platform\u2019s wallets to six unknown personal wallets.<\/p>\n

Hackers were able to access<\/a> the crypto exchange\u2019s system after compromising an employee\u2019s login credentials. Recent reports revealed that the employee was allegedly lured into a fake job task and persuaded to download and use his CoinDCX-designated laptop to complete tasks, unsuspectingly downloading files with malware.<\/p>\n

Meanwhile, Perpetual and spot crypto exchange GMX recorded the second-largest hack of the month after losing around $42 million on July 9 when an attacker exploited a vulnerability in the protocol\u2019s first version on Arbitrum.<\/p>\n

GMX V1\u2019s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token\u00a0price through the system\u2019s calculations, resulting in approximately $42 million worth of assets being transferred from the GLP pool to an unknown wallet.<\/p>\n

Nonetheless, the incident saw a happy ending after the hacker accepted a white-hat bounty and returned most of the funds. As reported by NewsBTC, the exploiter returned $10.49 million worth of FRAX and 10,000 ETH, valued at $30 million, on July 11.<\/p>\n

2025 Alarming Trend Continues<\/h2>\n

Based on data<\/a> from PeckShield\u2019s previous reports, Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively.<\/p>\n

However, the short-term trend changed in July as the total value of stolen funds surged 27.2% from June\u2019s $111.6 million. Additionally, the total number of major incidents slightly increased by 13.3%, from 15 registered incidents in June to 17 hacks in July.<\/p>\n

This follows a broader trend developing this year, as Chainalysis explained on its \u201c2025 Crypto Crime Mid-Year Update.\u201d In the report, the on-chain analytics firm revealed that crypto theft this year has been \u201cmore devastating\u201d than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half.<\/p>\n

By the end of June, more value had been stolen year-to-date (YTD) than during the same period in 2022, suggesting that theft from crypto\u00a0services could potentially increase another 60% by year\u2019s end.<\/p>\n

Additionally, YTD activity shows a steeper trajectory into the end of the first half, with an alarming velocity and consistency, than in previous years. For reference, 2025 required 142 days to hit the $2 billion mark in value stolen from platforms, while 2022 reached this volume in 214 days.<\/p>\n

\u00a0\u201cIf this trend continues, we could see 2025 end with more than $4.3 billion stolen from services alone,\u201d the report forecasted.<\/p>\n

\"crypto,<\/p>\n","protected":false},"excerpt":{"rendered":"

As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges losing over $100 million in the past 30 days. This follows a concerning trend that has been developing this year, which suggests that theft from digital asset services could reach a new milestone by the…<\/p>\n","protected":false},"author":1,"featured_media":6311,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3088,3089,2923,1514,725,3090,33,64,66,68,3091],"class_list":["post-6310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-coindcx-hack","tag-crypto-exchanges","tag-crypto-hacks","tag-crypto-market-bull-run-2025","tag-crypto-market-correction","tag-crypto-theft","tag-cryptocurrency-market-news","tag-eth","tag-ethereum","tag-ethusdt","tag-gmx-hack"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6310"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6311"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}