August Crypto Hacking Losses Plummet by Nearly Half
Crypto hacking losses decreased to $136.3 million in August, according to blockchain security firm PeckShield.
This marks a significant decline of 49.5% from the $270 million lost in July, indicating a potential shift in the threat landscape.
The largest single loss in August came from Tectonic.cro, a decentralized finance (DeFi) protocol built on the Cronos blockchain, which lost about $74 million.