According to the blockchain security firm PeckShield, August saw 50 major crypto hacks. The figure is 67% higher than the 30 hacking incidents in July. Crypto investors lost $136.3 million to
According to the blockchain security firm PeckShield, August saw 50 major crypto hacks. The figure is 67% higher than the 30 hacking incidents in July.
Crypto investors lost $136.3 million to these hacks in August. But it was a steep decline of 49.5% from the $270 million loss in July, despite the higher number of attacks in August.
The gap between more incidents and less damage comes down to one story: TectonicFi.
Related: Crypto industry hit by 3 hacks in 15 days
The Tectonic.cro lending protocol exploit accounted for approximately $74 million of August's total loss, more than 54% of all the month's losses.
It ranks as the fourth-largest crypto theft of 2026 year-to-date, behind the Drift, KelpDAO/LayerZero, and Coldcard exploits, according to PeckShield.
The attacker managed to bridge approximately $6 million to Ethereum before Cronos, the blockchain underlying Tectonic, paused the entire chain, freezing the remaining stolen funds.
The exploiter has since begun laundering the funds, bridging approximately $200,000 to Bitcoin at the time of PeckShield's report.
According to PeckShield, August's ten largest exploits by loss were:
These ten exploits cost crypto investors approximately $123.34 million, accounting for roughly 90.5% of total losses in August.
During the first half of 2026, attackers carried out 207 separate crypto hacks which cost investors $972 million, as per TRM Labs.
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