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Hackers stole $ 142 million in cryptocurrency in July

11:43 am, August 1, 2025

In July, the cryptocurrency industry suffered losses of at least $ 142 million as a result of hacker attacks and fraud. The largest losses were incurred by the Indian exchange CoinDCX, which lost more than $ 55 million due to the hacking of a hot wallet. This incident was the largest of the month and led to the temporary suspension of some exchange services.

In total, at least 18 separate incidents involving the theft of funds from various crypto projects and decentralized financial platforms (DeFi) were recorded in July. They also included hacks of DeFi protocols, phishing attacks, and exploits in smart contracts that caused losses among both large companies and individual users.

In addition to CoinDCX, the largest losses of the month included attacks on projects such as Sonne Finance, which lost more than $ 20 million due to code vulnerabilities, and SharkTron, which lost more than $ 10 million. Analysts note that the number of attacks and losses in July exceeded those of previous months.

According to PeckShield and other analytical platforms, a significant part of the attacks was caused by errors in the development of smart contracts and insufficient attention to security in the early stages of project launch. At the same time, some of the stolen funds were recovered thanks to the prompt actions of the teams, but most remain out of reach of the victims.

Experts advise cryptocurrency projects to strengthen audits of smart contracts and implement modern solutions to identify vulnerabilities, and users to follow basic digital security rules and be careful when interacting with DeFi platforms.

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