The crypto industry recorded 50 major cryptocurrency-related hacking incidents in August 2026, up 67% from 30 in July, while total losses fell 49.5% to $136.3 million, according to PeckShield data cited by PANews. Tectonic.cro, a DeFi protocol built on the Cronos blockchain, suffered the month’s largest loss after about $74 million in assets was drained. PeckShield ranked the incident as the fourth-largest crypto hacking loss of 2026, behind incidents involving DRIFT, KelpDAO and LayerZero (ZRO). The losses highlight continuing vulnerabilities involving smart-contract logic, cross-chain bridges and flash-loan attacks, underscoring the need for stronger audits, real-time monitoring and careful platform risk assessment.