According to blockchain security firm PeckShield, the cryptocurrency industry suffered approximately $163 million in losses due to hacks in August 2025. This represents a 15% increase from the $142 million lost in July. A total of 16 cryptocurrency trading platforms were compromised during the month.
The single largest incident involved an anonymous Bitcoin holder who lost $91.4 million, highlighting the risks for large-scale individual investors. Major Turkish exchange BtcTurk suffered its second major security breach in just over a year, losing $54 million in August. With this latest attack, BtcTurk's total losses now exceed $100 million, raising serious concerns about the platform's security measures and ability to maintain user trust.
Other significant attacks included Bitcoin-based meme-coin launchpad ODIN•FUN, which lost $7 million to a sophisticated price manipulation exploit. BetterBank and CrediX Finance also made the top five, losing $5 million and $4.5 million respectively.
The repeated attacks on established exchanges and diverse projects demonstrate that no segment of the industry is safe from increasingly frequent and sophisticated attacks. Analysts note that these August losses confirm a worrying trend where millions in cryptocurrency disappear each month, often with little chance of recovery, potentially undermining investor confidence and slowing mainstream adoption.