Crypto Hacks in August Amount to $163M, Up 15% From July: PeckShield
The most detrimental trend in crypto continues to wreak havoc on the industry, with each month seeing an increase in severity for users and institutions.
Crimes continue to evolve in complexity and type, making it increasingly difficult to react promptly and minimize losses.
Rise in Numbers
Blockchain security firm PeckShield released its report from last month, disclosing the unfortunate rise in crypto crimes over the past two months. The findings indicate that July saw $142 million lost to exploits, whereas August marked a 15% increase, marking a total of $163 million in losses.
The post (embed) highlights the most vicious attacks, with the most prominent being a social engineering heist exceeding $91M in stolen…
