Crypto Hacks Surge in August, $173M Lost in Exploits: CertiK
Phishing attacks drove most losses, continuing a steady rise in monthly crypto incidents.
Crypto hacks continued their upward trend in August, with approximately $173.2 million in total lost across exploits, up over 13% from July, according to security analytics firm CertiK.
Phishing attacks alone accounted for roughly $101 million of the total, CertiK revealed earlier this week on X, formerly Twitter. A phishing attack refers to a type of social engineering scam when attackers impersonate trusted entities — often with disguised links or fake websites — to trick victims into revealing sensitive information, such as login credentials, credit card numbers, or other personal data.
The largest incidents in August included a $91 million…
