July’s Crypto Bloodbath: Hackers Drain $142M from Digital Asset Platforms

Crypto's security crisis deepens as attackers exploit vulnerabilities across DeFi and exchanges—just another day in the wild west of digital finance.

Where'd the money go? Straight into hackers' wallets, proving once again that blockchain's 'trustless' nature cuts both ways.

Security theater: Despite nine-figure losses becoming routine, most platforms still treat cybersecurity like an afterthought—until the auditors come knocking.

Silver lining? At least the thieves demonstrate real-world use cases for crypto's frictionless cross-border transfers (even if it's their own offshore accounts).

Another month, another reminder that in crypto, you're either at the table or on the menu—and exchanges keep serving themselves as the main course.

In July, crypto platforms were targeted by major hacks, losing a total of $142 million. The biggest incident involved CoinDCX, which suffered a massive loss of $44.2 million. These attacks have sparked fresh concerns about the security of digital assets. Many users are now calling for stronger safety measures and better protection for their investments. The recent hacks highlight the growing risks faced by the crypto industry and the urgent need for improved security standards.