Crypto Industry Suffers Record-Breaking Hacking Incidents

The cryptocurrency industry suffered a significant blow in July with 30 major hacking incidents resulting in losses of $210.3 million, a 177.2% increase from June's total of $75.87 million.

According to PeckShield, the largest incident was the Coldcard Wallet exploit, which caused losses of $70 million and ranked as the third-largest hack this year.

The attacks were concentrated on Ethereum and Solana, with losses of $332 million and $326 million respectively. Hackers used various tactics, including code exploits and key breaches, to target vulnerabilities in these protocols.