- The biggest theft was $ 94 million in an anonymous bitcoin address.
- Other victims include ODIN.FUN ($ 7 million), Betterbank.io ($ 5 million) and Credix Finance ($ 4.5 million).
- Weak thanks, human errors and fast platform launches are encouraging security risks.
According to the Blockchain Security Firm Peckshield, hackers stole $ 163 million from 16 individual events, facing another blow in August.
This starts at $ 144 million in July, showing how the attack is more frequent and technically advanced.
The biggest theft is the $ 94 million in various anonymous bitcoin addresses, emphasizing the weakness of individual investors as well as institutions.
In addition to immediate financial losses, these events have questioned the long -term impact on the security of the centralized platform and the long -term impact on investor trust in the broader encryption market, which continues to expand worldwide.
$ 54 million BTCTURK hacking emphasizes exchange weaknesses.
One of the biggest cases in August was to lose $ 55 million in violation of Turkey’s major encryption exchange, BTCTURK.
The incident was especially noteworthy because the same platform was already hit by $ 54 million in June 2024, and the total annual loss exceeded $ 100 million.
BTCTURK confirmed that unauthorized approaches were detected, affected wallets were frozen, and investigations with local authorities were in progress.
The repetitive characteristics of the attack emphasize how the centralized exchange remains an expensive goal, and security defense is proved to be inappropriate for continuous attackers.
Other platforms have lost $ 17 million in separate cases.
BTCTURK dominated the headline, but small but still damaged attacks reached another platform. Odin.fun lost $ 7 million, betterbank.io suffered $ 5 million, and Credix Finance received $ 4.5 million.
This example shows how cyber criminals not only target major exchange, but also for small platforms. Often use weak security audits or not tested systems.
The cumulative effect of this violation shows that the level of encryption ecosystem is not safe from exploitation through technical loopholes or basic operation supervision.
Human errors and lack of audit are attacking fuel.
According to PeckShield’s data, rapid growth in the encryption sector shows that the number of hacking is directly connected to the increase in the number of hacking. New platforms and protocols are often released quickly without thorough security reviews, so attackers are offered several entry points.
Along with structural weaknesses, human errors continue to play an important role. If you do not activate user authentication, rely on weak passwords, or damage phishing scams, you can compromise both exchange and personal wallets.
The combination of technical defects and behavioral rap is to create an environment in which cyber crime thrives to force exchange and investors to reconsider defense.
Regulatory authorities in various jurisdictions pointed out that strict compliance checks are needed, noting this trend.
Bitcoin becomes deep as investors’ trust weakens
The impact of this hack has expanded to a wider market. Bitcoin (BTC) slipped 0.29%to trade $ 108,361.50 for the last 24 hours and its market cap is $ 2.15 trillion.
Analysts warn that repetitive violations can slow the adoption of mainstreams because all events strengthen the cases of strict regulations to erode investors’ trust, protect consumers and stabilize trading activities.