Crypto hacks jump 67% in August as AEREDIUM launches AERSeal

  • AEREDIUM launched AERSeal to replace single-key control of privileged smart-contract functions.
  • 50 hacking incidents occurred in August, causing $136.3 million in reported losses.
  • Tectonic lost about $74 million, while Cronos suffered losses of $6 million.

The crypto industry recorded 50 hacking incidents in August 2026, up 67% from July, while losses fell 49.5% to $136.3 million, PeckShield said on Sept. 5. DeFi protocol Tectonic accounted for about $74 million of the losses, while Cronos suffered losses of $6 million. Digital-asset security company AEREDIUM launched AERSeal to address the risks of a single private key controlling privileged smart-contract functions. The system uses threshold signatures stored across hardware-authenticated secure environments, supports the Ethereum Virtual Machine and compatible chains, and uses the CGGMP24 threshold-signature protocol without reconstructing a complete private key.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.