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Crypto Hacks Surge in July 2025: CoinDCX, GMX, BigONE Targeted
July 2025 has witnessed a staggering surge in cryptocurrency hacks, with losses totaling $142 million across major platforms such as CoinDCX, GMX, and BigONE. The sheer scale of these incidents has left experts warning of the escalating threat posed by social engineering tactics and hot wallet attacks.
According to recent data, the CoinDCX breach alone resulted in a staggering loss of $44.2 million, followed closely by significant security breaches at GMX and BigONE. These events have surpassed the total losses recorded throughout 2024, highlighting the gravity of the situation.
As the cryptocurrency market continues to evolve, it has become increasingly clear that hackers are adapting their tactics to exploit vulnerabilities in hot wallets and social engineering attacks. It is crucial for crypto companies to bolster their security measures to protect users from these escalating threats.
The surge in hacks has sent shockwaves throughout the industry, prompting experts to sound the alarm on the need for greater vigilance and preparedness. The consequences of inaction are dire, as losses mount and trust is eroded among investors and traders.
As we navigate this turbulent period, it is essential that stakeholders collaborate to develop robust strategies to mitigate these risks. By doing so, we can work together to create a safer and more secure environment for the crypto community.
Source: coinpedia.org
