A Hacking Wave Shakes the Cryptocurrency Market.. Theft of More than 140 Million Dollars

Cybersecurity threats in the cryptocurrency sector escalated during July, with hacking incidents reaching new record numbers. The blockchain security company "Pick Shield" announced that the month's losses amounted to approximately 142 million dollars, an increase of 27% from June's losses of 111.6 million dollars, resulting from 17 major hacks, most of which were concentrated in five major incidents. CoinDCX Tops the List of Most Affected Platforms

The Indian exchange CoinDCX was the victim of the largest exploitation in July, with losses amounting to 44.2 million dollars. Investigations revealed that the attack was not a direct technical breach, but rather executed by deceiving an employee with a fake job message containing malware, highlighting the vulnerability of internal systems even among major platforms.

The GMX protocol came in second in terms of losses, having lost 42 million dollars due to a vulnerability in a smart contract. Although approximately 40.5 million dollars were later recovered, the incident raised deep concerns about the fragility of the security infrastructure of decentralized finance.

Platforms like BigONE, WOO X, and Future Protocol also suffered attacks that collectively resulted in losses of more than 44 million dollars. Despite some recovery attempts, July ended with a net loss exceeding 100 million dollars, according to data from "Pick Shield". The Speed of Money Laundering Hinders Countermeasures