Crypto suffered its busiest hacking month of 2026 in August, but the explosion in attack frequency did not translate into record financial damage.

Blockchain security firm PeckShield counted 50 major crypto hacks during August, up 67% from 30 incidents in July and the highest monthly total this year. Yet combined losses fell 49.5% month over month to approximately $136.3 million, according to data published Sept. 1.

The contrast suggests attackers succeeded more often but generally walked away with smaller amounts. Average losses dropped to roughly $2.7 million per incident, compared with about $9 million during July.

That makes August unusual: it was the year’s worst month by number of major hacks, but nowhere near the costliest by…