Crypto Losses Reach $163 Million in August as Big Wallets Targeted
Crypto hackers and scammers stole over $163 million from the crypto space in August across 16 separate attacks — with a social engineering attack against a Bitcoiner accounting for the lion’s share of losses.
Blockchain security firm PeckShield said in an X post on Monday that August’s losses are a 15% increase compared to July, which only recorded $142 million, though it’s down 47% year on year.
Cybersecurity experts told Coinelegraph the increase in August was driven by hackers shifting their efforts to high-value targets and the rise in crypto prices.
Crypto hackers concentrate on high-value targets
Speaking to Cointelegraph, PeckShield said there was a strategic shift by hackers last month, as they are…
