Crypto hacks in July 2025 totaled $142 million, marking a 27.2% increase from June’s $111.6 million, according to blockchain security firm PeckShield. The firm documented 17 major hacks in July, compared to 15 incidents in June.
PeckShield highlighted that five major breaches contributed significantly to the total losses. These included incidents at CoinDCX, GMX, BigONE, WOO X, and Future Protocol. The data showed hackers exploited both centralized exchanges and decentralized platforms.
In its report shared on X, PeckShield published detailed figures and identified the platforms affected, emphasizing the growing scale of crypto hacks in 2025.
CoinDCX Hack Results in $44.2 Million Theft
The CoinDCX hack was the largest in July, resulting in $44.2 million stolen. Hackers targeted an internal operational account linked to liquidity provisioning.
Sumit Gupta, co-founder and CEO of CoinDCX, confirmed the incident. He said:
“Today, one of our internal operational accounts – used only for liquidity provisioning on a partner exchange – was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe.”
Investigations revealed hackers installed malware on Rahul Agarwal’s work laptop. Agarwal, a software engineer at CoinDCX, was reportedly tricked through a fake part-time job offer. He initially worked on his personal laptop but later switched to his office device, giving attackers access. Bengaluru police arrested Agarwal, who denied involvement in the theft.
GMX Exploit Causes $42 Million Loss, Funds Returned
The GMX hack ranked second, with attackers stealing $42 million from the DeFi platform. PeckShield later confirmed that the GMX exploiter returned $40.5 million, including 10,000 ETH and 10.5 million FRAX, reducing the net damage.
This exploit demonstrated vulnerabilities in DeFi protocols despite partial recovery. PeckShield’s update provided a clear timeline of the breach and subsequent fund return.
The BigONE hack accounted for $28 million in stolen funds, making it the third-largest in July. Meanwhile, WOO X lost approximately $12 million, and Future Protocol suffered losses of around $4.2 million.
These incidents added to July’s total and underscored how attackers targeted various platforms across the crypto sector, using different methods to exploit weaknesses.
