August 2026 Sets Record for Number of Crypto Hacks Despite Lower Total Losses

August 2026 saw 50 major crypto hacks, marking the highest monthly frequency for the year. According to data from PeckShield, total losses amounted to $136.3 million, representing a 49.5% decrease compared to July. The data suggests that while the frequency of attacks has increased, the average value extracted per incident has declined, with the Cronos network halt mitigating the impact of the month's largest exploit.