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PeckShieldAlert: Crypto Security Incidents in August Caused $163M in Losses, Up 15% from July

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By JuneSep 01, 2025

The largest cases included a $91 million Bitcoin scam and a $54 million breach at Turkish exchange BtcTurk, alongside several DeFi exploits.

According to PeckShieldAlert, the crypto sector faced another turbulent month in August 2025, with around 16 major security incidents leading to total losses of $163 million. This marked a 15 percent increase compared to July’s $142 million, underscoring how vulnerabilities continue to affect centralized exchanges, DeFi protocols, memecoin launchpads, and even individual holders.

Top 5 Cases:

  • BTC Hodler - $91.4M: This involved a social engineering scam where attackers impersonated exchange and hardware wallet support, stealing 783 BTC which was then laundered through Wasabi Wallet.

  • BtcTurk - $54M: The Turkish exchange's second major breach in over a year, with hackers draining funds from hot wallets across chains like ETH and AVAX. Notably, BTCTurk has suffered two major security incidents in the past year. After losing $54 million in June 2024, its cumulative losses now exceed $100 million.

  • Odin.fun - $7M: A memecoin launchpad exploited via liquidity manipulation, where hackers deposited worthless tokens paired with BTC to inflate prices and drain funds.

  • BetterBank.io - $5M: A DeFi protocol on PulseChain hit by an unauthorized rewards minting attack using rogue liquidity pairs, leading to a TVL drop despite partial recovery.

  • CrediX Finance - $4.5M: Exploit on the Sonic blockchain allowed minting of unbacked tokens; the team disappeared shortly after, fueling exit scam allegations.

 

PeckShieldAlert scam breach Turkish exchange BtcTurk Odin.fun. BetterBank.io. CrediX Finance

June
June joined the crypto space in 2021. She's passionate about data, blockchain innovation, and everything Web3.
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