Crypto hacks increased sharply in August, although the estimated value stolen fell by nearly half compared with July, according to blockchain security company PeckShield.
Summary
- 50 major crypto hacks caused an estimated $136.3 million in losses during August, PeckShield reported.
- August’s incident count increased 67% from July, while estimated losses declined 49.5% month over month.
- Tectonic accounted for approximately $74 million, more than half of PeckShield’s estimated monthly losses overall.
- Cronos validators halted production before the attacker could move most identified assets onto Ethereum successfully.
- Cronos later resumed blocks after validators restored…
