The crypto industry suffered 30 major hacking incidents in July, leading to losses totaling $210.3 million, a significant increase from the $75.87 million reported in June.
The industry has lost $1 billion during the first half of the year, and recorded a record number of hacks within six months, with Ethereum and Solana leading the losses.
Crypto Industry Reports A Surge In Hacking Incidents
PeckShield has reported that the cryptocurrency industry suffered a loss of $210.3 million from 30 major exploits in July, a 177.2% increase from the $75.87 million reported in June. The exploits highlight the persistent security challenges faced by the industry. The losses were driven by a handful of high-profile incidents. The Coldcard Wallet exploit was the largest incident this month, and the third-largest this year, resulting in $70 million in losses.
Other notable security incidents in July include the AFX Trade exploit ($24 million), Ostium ($24 million), BONK ($21.2 million), Wanchain ($13 million), Triple-A ($10 million), Bonzo Lend ($9.05 million), Verus ($7.5 million), WEMIX ($6.25 million), and Summer.fi ($6 million).
Crypto Hacks Cross $1 Billion For 2026
According to Blockaid, an on-chain security platform, the cryptocurrency industry recorded a record number of exploits in the first half of 2026, with losses from these hacks exceeding $1 billion. The attacks were primarily concentrated on Ethereum and Solana, which lost $332 million and $326 million, respectively, to various exploits. Hackers used code exploits to target Ethereum-based protocols, and key and infrastructure breaches on Solana-based protocols.
Hackers Target Ethereum And Solana-Based Applications
Hackers targeted vulnerabilities in Ethereum-based applications. BlockAid stated in its Q2 2026 report that code exploits were the most common tactic used by hackers. However, Ethereum-based protocols such as Humanity Protocol and StablR were targeted through private-key exploits. BlockAid also highlighted other attack vectors on Ethereum, including privilege account exploits, market manipulation, smart contract, and bridge vulnerabilities.
Meanwhile, Drift Protocol, a Solana-based protocol, was targeted through social engineering, with hackers spending months building a relationship with the protocol team before using Solanaโs โdurable noncesโ feature to get members to sign transactions giving them admin control. This allowed the hackers to drain $285 million, over half its TVL, from the protocol. On-chain indicators suggest North Korean hackers were behind the heist. The Step Finance exploit was also attributed to North Korean hackers. The hackers siphoned off $40 million after gaining access to devices belonging to the projectโs team. The team then unstaked 261,854 SOL and moved them, causing the value of the STEP token to plummet 80%. However, Solana also saw code-based exploits involving Volo and Raydium.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
