Key Notes

The largest incident was a $44 million exploit at CoinDCX, while BigONE suffered a $27 million loss from a third-party hot wallet attack.

A $40 million GMX decentralized exchange hack was reported but later fully reimbursed by the attacker.

Security expert Michael Behnke noted that hackers are increasingly targeting off-chain systems and backend infrastructure.

Despite a strong crypto market rally in July, the industry faced major hacks, with scammers stealing a total of $142 million in user funds. The $44 million exploit of crypto exchange CoinDCX accounted for the largest share of the losses.

Crypto hack losses reach $142 million in july

Earlier today, blockchain analytics firm PeckShield reported that crypto-related losses from hacks and exploits totaled $140 million i

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