August proves a murderer for encryption: $ 163 lost in the wallet star-news.press/wp

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August has witnessed $ 163 million stolen from encryption and exchange users, with major violations such as the breach of 783 BTC portfolio and repeated attacks on BTCTurk highlighting the increasing development in electronic crimes.

Curved and exchange users faced a turbulent month, with Blockchain Peckshield security company Reporting A total of $ 163 million in stolen assets.

August – the bloodiest month for encryption?

August has proven to be another troubled month of the encryption space, with losses that accumulate via stock exchanges, Defi protocols and individual governor.

A more important individual loss occurred on August 19, when the Bitcoin holder was a victim of social engineering attack.

The attackers submitted support agents to the hardware portfolio and deceived the user to reveal their accreditation data.

This led to the transfer of 783 BTC (worth $ 91.4 million) to criminals, who quickly transferred money through Wasabi Wallet, a privacy -focused tool that is often used to hide transactions paths.

The largest encryption exchange in Türkiye, BTCTURK, faced another blow, and reported a theft ranging between 48 and 54 million dollars after the infiltrators abandoned the keys of the hot wallet.

Other attacks and exploits

Other prominent incidents included a $ 7 million loss in Odin • Fun, $ 5 million drained from BetterBank.io, and exploiting $ 4.5 million on promoter financing.

BetterBank was specifically Targeted Through the bonus disposal system, the attackers created false liquidity to harvest unlimited rewards.

Despite the warnings of Zokyo auditor, the team ignored it, causing a partial loss to the attackers later, which led to the clarity of the line between the so -called “white hat” event.

This episode revealed the risks of ignored audits, defective Defi designs, and unaccounted incentives, which show that even the highly described protocols can collapse under human mismanagement.

In addition, the hacker escalated on the betting when the attackers turned him to what appeared to be a scaming process.

The attackers initially agreed to return the stolen money.

But they eventually directed assets through Tornado Cash, a mixing service designed to insult Blockchain transactions.

However, physical attacks against encryption holders remained rare, with only one accident in Paris.

The kidnappers seized a former merchant in exchange for a ransom of 10,000 euros, but they later released him, leaving his face injuries.

What is more?

These losses in August follow a sharp sharp trend in encryption penetrations, with July vision 27 % increase from June.

Everyone in all, the first half of 2025 emphasizes a flagrant fact of the encryption industry, with more than $ 2.3 billion already lost to breakthroughs.

This total also includes huge incidents such as bybit breach and the exploitation of CETUS Protocol of $ 225 million.

According to PECKSHILD, Wallet violations alone cost users of $ 1.7 billion through 34 accidents this year.

Analysts suggest that high encryption prices, with bitcoin constantly trading over $ 100,000, may motivate the attackers.

Although security teams intensify efforts to correct weaknesses, threats continue to grow.

Therefore, it is clear that the rapid growth of the encryption sector is met by an aggressive and developed wave of electronic threats.