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Crypto Hacks Surge in July 2025: CoinDCX, GMX, BigONE Targeted
Crypto Hacks Surge in July 2025: CoinDCX, GMX, BigONE Targeted
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BTCCSquare news:
July 2025 marked a sharp escalation in cryptocurrency security breaches, with losses soaring 27% month-over-month to $142 million. High-profile platforms including CoinDCX, GMX, and BigONE suffered significant exploits, with the CoinDCX incident alone draining $44.2 million from user funds.
Security analysts highlight a troubling shift toward sophisticated social engineering attacks and hot wallet vulnerabilities. The cumulative damage for 2025 has already exceeded the previous year's total, signaling urgent need for enhanced security protocols across exchanges.
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