Crypto Hacks Result in $142 Million Losses with CoinDCX Leading in July
Crypto Hack Losses Total $142 Million in July
In July 2025, losses from crypto hacks reached $142 million, a 27% rise from $111 million in June. Key points include:
- Major hacks included the $44 million exploit of CoinDCX, the largest loss.
- The second-largest hack involved GMX, with a $40 million exploit on July 11; however, the hacker returned all funds.
- Seventeen major hacks were recorded in July.
- Losses were 46% lower than in July 2024, when $266 million was stolen, primarily from WazirX.
- BigONE lost $27 million due to a third-party attack, and WOO X faced a phishing attack resulting in an estimated $14 million loss.
- A CoinDCX employee was arrested in connection with the hack.
Experts note that hackers are increasingly targeting off-chain systems rather than on-chain vulnerabilities, indicating a shift in tactics within DeFi attacks.