Finance

August Witnesses a Surge in Crypto Hacks, Leaving a Trail of 16 Exploits Totaling $163 Million in Stolen Cryptocurrency

Significant financial losses totaling $163 million have been reported across sixteen significant cyber exploits, representing a substantial 15% increase from the $142 million losses observed in July.

, and Administrator

2025 September 12 . 1:17 AM

1 min read

Increased Cryptocurrency Thefts in August, Over $163 Million Stolen Through 16 Major Exploitations

August Witnesses a Surge in Crypto Hacks, Leaving a Trail of 16 Exploits Totaling $163 Million in Stolen Cryptocurrency

In August 2025, the cryptocurrency world was hit by a series of significant exploits that resulted in substantial losses. According to data from PeckShieldAlert, these exploits accounted for over 99% of the total losses, amounting to a staggering $163M.

The largest single exploit of the month involved a Bitcoin ($BTC) holder, who suffered a loss of $91.4M. The exact perpetrators behind this attack remain unknown, as no verified sources have identified who carried out the hack.

One of the most notable exploits occurred on the Odin.fun crypto platform on August 12th. The exploiters drained 58.2 BTC (approximately $7M) within a couple of hours, highlighting the serious weaknesses in the automated market maker (AMM) design of the project. The funds were later converted into Ether ($ETH) to avoid tracking.

Another notable incident was the exploit on Turkish cryptocurrency exchange BtcTurk on August 14th, which resulted in a loss of $54M. The exploit involved suspicious crypto withdrawals by the attackers.

Two other exploits in August affected the PulseChain-based decentralized lending platform BetterBank and CrediX Finance, a Sonic blockchain-based lending protocol. BetterBank experienced manipulation of liquidity and reward minting, resulting in a loss of $5M, while CrediX Finance incurred a loss of $4.5M.

As the number of crypto exploits continues to rise, market onlookers are pushing for adequate security measures to deal with evolving hacking techniques. The growing number of incidents underscores the need for increased vigilance amid these evolving threats.

The hazards related to unverified liquidity pools were also highlighted by the Odin.fun exploit. As the cryptocurrency market continues to grow, it's essential for users and exchanges to prioritize security to protect their assets and maintain trust in the ecosystem.