These Were Biggest Crypto Hacks of August – U.Today

According to data provided by blockchain security firm PeckShield, roughly $163 million worth of crypto was lost in August to hackers. Overall, a total of 16 cryptocurrency trading platforms were compromised. 

Biggest crypto hacks of August 

An anonymous Bitcoin (BTC) holder suffered the biggest cryptocurrency hack of August, suffering a total loss of $91.4 million.

Major Turkish exchange BtcTurk, which suffered its second major security breach in a little over a year in August, parted ways with $54 million.  

As reported by U.Today, Bitcoin-based meme-coin launchpad ODIN•FUN lost $7 million due to a sophisticated price manipulation exploit. 

BetterBank and CrediX Finance are also in the top 5, losing a total of $5 million and $4.5 million, respectively. 

Notable increase 

The total sum of cryptocurrency losses has grown by 15% compared to July (from $142 million to $163 million). 

As reported by U.Today, Indian exchange CoinDCX endured the biggest cryptocurrency hack of July ($44.2).