Hackers stolen $ 163 million in Crypto in August, +15% versus July, ~ 16 incidents, including losses at a BTC Hodler, BTCTurk, Odin Fun, Betterbank, Credix.
What is good for an increase in ~ $ 21-22 million compared to last month?
In fact, only 5 major incidents. First of all, the largest individual loss of 783 BTC – then worth $ 91.4 million, according to Peckshieldalert. Subsequently, Hacks came from Crypto platforms, and the rest of smaller local incidents in total was around 1%, just over $ 1 million.
Btcturk: Repeat compromise and the response of the exchange
The Turkish crypto exchange BTCTurk experiences a second major incident in just over a year: $ 50 million in August 2025 after $ 54 million in June 2024 – combined losses are $ 100 million. CEO Özgür Güneri confirmed the detection of unauthorized access, the affected portfolios were frozen and investigations with local authorities are underway.
Odin Fun – AMM Logic – Vulnerability after an update
A Memecoin Launchpad that became the victim of around $ 7 million because of a bug in AMM -LIKIGZENCODE. Attackers deposited BTC together with Satoshi, Odinpepe and other tokens and, with the help of disproportionate deposits and self -maintaining, divided the internal appreciation of those tokens compared to BTC. They withdrew ~ 58.2 BTC and the attack was carried out by various accounts. The platform froze pending audits.
Betterbank.io – Rogue Reward Minting on PulseChain
The protocol lost up to $ 5 million due to unauthorized mining of rewards on the basis of liquidity savings generated by users. The attacker can do rewards and bypass bulk-mint loads with external couples mint and bypass. The team quickly paused operations, announced a restart of the remuneration contract, which redesigned rewards to earlier holders, with loss coverage by reserves.
CREDIX Finance – Control over the multisig and bridges, then silence
About $ 4.5 million in losses after gaining access to the multisig admin and bridge portfolios about six days before the most important liquidity extraction. The scenario included mivesting new tokens, placing them as collateral and then raising funds of Polish. The site then went offline and the X and Telegram channels were removed. Before the team disappeared, the team posted a remark about an alleged agreement with the exploor to return funds within 24-48 hours, financed by the Treasury, and promised users to compensate via an airdrop – the return has not yet happened.
Which important security gorges, August emphasizes?
Social Engineering naturally remains very relevant and can lead to very substantial losses. Centralization remains a problem, especially when centralized exchange infrastructure makes access to exchange portfolios possible. Administrative multisig keys and bridge portfolios are also a single point of total compromise. The price logic and AMM inariates without the right audit also remain exploitable, in particular. Likewise, issue and remuneration mechanisms are bound by external liquidity savings.
Only use trusted crypto platforms, always be careful with your data and stay informed for the latest updates in Crypto, Blockchain and Defi.
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