Crypto hacking losses jump 177.2% in July to $210.3 million

Crypto industry losses from major hacks rose to $210.3 million across 30 incidents in July, up 177.2% from June's $75.87 million. Coldcard Wallet recorded the largest reported loss at around $70 million after wallet security was compromised, described as the third-largest incident of the year. Following the Coldcard incident, Bitcoin daily active addresses rose from 645,000 on July 30 to nearly 1 million on July 31, with CryptoQuant analyst Julio Moreno saying on X that users appeared to move funds out of extreme caution, mainly through a surge in active sending addresses. The July 31 reading was the highest single-day level since December 10, 2024. Other major July losses included about $24 million each at AFX and Ostium, $21.2 million at Bonk, $13 million at Wanchain Bridge, $10 million at TripleA, $9.05 million at Bonzo Land, $7.5 million at Verus Coin, $6.25 million at WEMIX and $6 million at Summer.fi.