Major Crypto Attacks in July 2025 Lead to $142M Losses

In July 2025, the cryptocurrency sector experienced approximately $142 million in losses from 17 significant security breaches, impacting major platforms like CoinDCX, GMX, and BigONE.

The rise in attacks highlights ongoing vulnerabilities in crypto platforms’ infrastructures, necessitating urgent security overhauls and inspiring debate on regulatory responses to safeguard digital assets.

Massive $142M Loss from July’s Crypto Attacks

In July 2025, seventeen major cryptocurrencies faced security breaches causing $142 million in losses. Major platforms including CoinDCX, GMX, and BigONE were significantly impacted. GMX negotiated with hackers, recovering $40.5 million in ETH and FRAX.

July’s incidents mark a significant financial impact with 27.2% more losses compared to the previous month. CoinDCX reported unauthorized access, leading to the arrest of an internal employee. The breach involved theft through multiple wallets.

Community responses have varied, with platforms strengthening security measures. GMX’s recovery efforts were successful due to a white-hat negotiation, restoring community trust. CoinDCX’s ongoing improvement proposals reflect a proactive approach.

Market Reacts Amidst Cryptocurrency Security Breaches

Did you know? The 2025 CoinDCX exploit resembled the 2024 WazirX hack, both linked to social engineering tactics and employee vulnerabilities, highlighting similarities in attack vectors.

Ethereum’s (ETH) market activity remains volatile amidst the July breaches. Trading at $3,623.51, ETH’s market cap stands at $437.39 billion, with a 6.05% decline in 24 hours. Despite recent setbacks, ETH has surged 98.21% over the past 90 days, per CoinMarketCap.

Experts from Coincu highlight the significance of improving exchange security protocols to combat similar threats. Historical attack patterns emphasize a shift from smart contract exploits to targeting backend vulnerabilities and employee endpoints.