Crypto hacks top $142M in July, with CoinDCX leading losses
During the WOO X hack, bad actors used social engineering to gain access to the development environment, according to Rob Behnke, chairman of Halborn.
Bad actors and scammers stole at least $142 million from the crypto space in July across 17 separate attacks, with the exploit of crypto exchange CoinDCX accounting for the most significant loss.
The total monthly losses represented a 27% increase from the $111 million in June, blockchain security firm PeckShield said in an X post on Friday.
However, it’s still a 46% drop from the same time last year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto exchange WazirX accounting for the lion’s share at the time.
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