• Cryptocurrency hacks rose by 27.2% in July 2025, with total stolen funds reaching $142 million, up from $111.6 million in June.

  • The largest hack targeted CoinDCX, where $44.2 million was stolen through a breach involving malware on an employee's laptop.

  • Industry stakeholders are concerned as the first half of 2025 witnessed over $2 billion in cryptocurrency thefts, highlighting ongoing security vulnerabilities.

  • Cybersecurity firm blockchain PeckShield reported a significant increase in cryptocurrency hacking incidents for July 2025, with hacks rising by 27.2% compared to the previous month.

  • In July, malicious attackers stole a total of $142 million as they intensified efforts to exploit vulnerabilities in the cryptocurrency system.

July 2025 sees a sharp increase in cryptocurrency hacks.

  • In a recent post on X (formerly known as Twitter), PeckShield noted that 17 major hacks were recorded in July, resulting in losses of $142 million. This figure reflects a 56% decrease in losses recorded in June ($111.6 million), when 15 major hacks were documented.

    However, the security company identified five notable incidents as major contributors to the total amount lost.

  • The Indian cryptocurrency exchange CoinDCX suffered the largest individual loss. Hackers stole about $44.2 million by targeting an internal operational account.

  • CoinDCX co-founder and CEO Sumit Gupta said, "Today, one of our internal operational accounts - used only to provide liquidity to a partner exchange - was compromised due to an advanced server breach. I assure you that the CoinDCX wallets used to store customer assets were not affected and are completely secure."

  • Specifically, the hackers installed malware on the laptop of Rahul Agarwal, a software engineer at CoinDCX, under the pretense of offering him a part-time job. Initially, Agarwal performed online tasks using his personal device, but later switched to his office laptop.

    This allowed the hackers to infiltrate the system. While Agarwal reported that he was unaware of the theft, Bangalore police arrested him in connection with the incident.

    At the same time, the second largest contributor to the stolen funds in July was the GMX hack. BeInCrypto reported that the decentralized finance (DeFi) platform GMX was exploited for $42 million in early July.

  • PeckShield wrote that the exploiter of GMX returned nearly $40.5 million in cryptocurrency, including 10,000 ETH and $10.5 million in FRAX.

  • The BigONE exchange reported a loss of $28 million, while WOO X and Future Protocol recorded hacks of about $12 million and $4.2 million respectively, highlighting the diversity of malicious targets.

    July’s data corresponds with a pattern of increasing cryptocurrency hacks this year. In the first half of 2025, the industry witnessed losses exceeding $2 billion from cryptocurrency thefts, raising concerns among industry stakeholders about the adequacy of current security measures.

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