Evil actors and scammers stole at least $ 142 million from the Crypto space in July throughout 17 separate attacks, including exploitation of Crypto Exchange CoindCX accounting for the most significant loss.
Total monthly losses represent a 27% increase from $ 111 million in June, Blockchain security firm Peckshield Says On an X post on Friday.
However, it is still 46% drop from the same time last yearWhen July 2024 saw $ 266 million taken by hackers, with a $ 230 million violation of the Indian Crypto Exchange Wazirx accounting for the lion’s part.
Attacks who took advantage of the decentralized exchange of GMX V1 for $ 40 million in Crypto on July 11 Also returned the stolen fund day laterPeckshield said.
Coindcx hack the largest for July
The Indian Cryptocurrency Exchange COINDCX was hacked on July 18 for $ 44 million, with CEO Sumit Gupta said “a sophisticated server violation.” An employee of the Coindcx was arrested on Thursday relevant In security violation.
Just a few days ago, on July 16, the Crypto Exchange Bigone Suffered a third-party attack targeted at its hot purse Infrastructure, resulting in a loss of at least $ 27 million.
Rotating the top three for July is the Crypto trading platform Woo X, which is compromised by a phishing attack on July 24, resulting in at least $ 14 million Taken.
Woo X team member’s device accessible
Rob Behnke, chairman of blockchain security firm Halborn, Says In a report on Tuesday that the evil actors responsible for the Woo X hack used Social Engineering To target one of the members of the firm team and access their devices.
“In this case, the attacker used social engineering to compromise a team member’s computer. From there, they can pivot the environment of developing and exploit the system’s trust to drain the user’s accounts,” he said.
“Attack successfully conducted many malicious transactions over two hours before noticing the weak -suspected activity and platform removal disabled the removal.”
Funds have been stolen in many chains, including Bitcoin (Btc), Ether (Eth), Bnb (Bnb) and arbitrator (Arb).
Accounts affected by the incident have restored their balances from the company’s ark.
Related: Crypto Seed phrase, front-end hacks drive record losses in 2025: TRM Labs
Hackers that target offchain systems
There was a recent trend in hackers that Target of Offchain Systems For high -value hacks, according to Behnke.
“Instead of looking for exploitative weaknesses in the contract contract, which can be identified and addressed through smart contract security audits, the attacks are looking for infrastructure weaknesses and back processes,” he said.
“As defi hackers are growing more sophisticated and increasingly targeting systems and infrastructure, projects need to have strong security controls and processes to reduce these threats.”
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