Crypto recorded its busiest month for major hacks in 2026 during August, with PeckShield counting 50 incidents, up 67% from 30 in July. Combined losses nevertheless fell 49.5% month over month to approximately $136.3 million, according to data published Sept. 1. Average losses declined to about $2.7 million per incident from roughly $9 million in July. The Tectonic lending protocol exploit was the dominant event, with losses reportedly reaching around $74 million, more than half of August's total and the fourth-largest crypto theft of 2026 so far. The attacker moved only about $6 million to Ethereum before Cronos validators froze the network. Cronos later restored the chain to a pre-attack state and resumed block production. PeckShield's 10 largest incidents represented approximately $123.34 million of the monthly losses, leaving about $12.9 million across the other 40 major hacks. Other significant incidents included the $8.7 million Moonwell exploit, involving manipulated MAMO collateral and drained assets from lending markets on Base, and the $7.9 million Coinsbuy incident involving Ethereum and TRON wallets, with some stolen funds routed through exchanges and toward Monero. August's 50 attacks exceeded every other monthly total in 2026, although April remained the costliest month at approximately $646.9 million, largely because the Drift and KelpDAO incidents together accounted for around $577 million. The August figures suggest that attack frequency and financial damage can move in opposite directions, while the range of incidents across lending platforms, wallets, infrastructure and other crypto services points to a broader attack surface.