August crypto hacks totaled roughly $163 million, driven by high-value attacks on centralized wallets and a single social engineering loss of 783 BTC. Increased crypto prices and targeted hot-wallet compromises made August 2025 a higher-risk month for large holdings.
Major loss drivers: centralized hot-wallet breaches and social engineering.
16 attacks in August 2025 resulted in ~$163 million stolen, a 15% rise from July.
High-value incidents: one 783 BTC social-engineering theft (~$91M) and Btcturk hot-wallet loss (~$50M).
August crypto hacks: $163M stolen in 16 attacks, high-value targets hit—read protection steps and expert guidance from COINOTAG.
Kronos Research CEO Hank Huang told Cointelegraph that crypto exploits often rise alongside crypto prices as attackers focus on high-value centralized wallets and social engineering.
What caused the surge in August crypto hacks?
August crypto hacks rose because attackers targeted centralized exchanges and wealthy individuals while Bitcoin and Ether reached new highs. High asset prices created larger payoffs for breaches, and social engineering plus hot-wallet access accounted for the largest single losses.
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Security firm PeckShield reported 16 incidents totaling about $163 million in August, a 15% increase from July’s $142 million and down 47% year-on-year. Two high-value breaches—a 783 BTC social-engineering theft (~$91M) and a hot-wallet compromise at Btcturk (~$50M)—dominated the month’s totals.
Attackers concentrate on centralized wallets and custodial systems because they offer single points of failure with high-value holdings. Kronos Research CEO Hank Huang noted that price surges increase reward incentives and that attackers are using sophisticated phishing and impersonation tactics to exploit operational weaknesses.
PeckShield observed a declining number of attacks over recent months—20 in June, 17 in July, and 16 in August—suggesting improving baseline defenses. However, total loss volatility persists due to a small number of high-value incidents that overwhelm monthly totals.
Approximately $163 million was stolen across 16 attacks in August 2025, including one 783 BTC social-engineering loss and a near-$50 million hot-wallet breach at a Turkish exchange, according to PeckShield.
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Source: https://en.coinotag.com/august-crypto-hacks-top-163-million-as-bitcoin-theft-suggests-growing-risk-to-high-value-targets-kronos-ceo-says/