August Broke 2026’s Monthly Hack Record Even as Losses Fell 49%
Crypto recorded 50 main hacks in August, the very best month-to-month depend of 2026. Total losses fell to $136.3 million, down 49.5% from July.
Blockchain safety agency PeckShield printed the tally on Tuesday. The figures present attackers hanging much more usually whereas extracting much less from every incident.
Cronos Halt Blunted the Month’s Largest Exploit
A single incident dominated the month. Tectonic is the most important lending protocol on Cronos (CRO). It reportedly misplaced roughly $74 million, the fourth-largest crypto theft of 2026 thus far.
The attacker moved solely about $6 million to Ethereum (ETH) earlier than validators froze the community.
“The exploiter has since began laundering the stolen funds, bridging them to #BTC (~200K up to now),” PeckShield mentioned.
Cronos then restored the chain state to a degree earlier than the assault and resumed block manufacturing.
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Attack Volume Rose as Individual Hauls Shrank
August’s 50 incidents topped the 40 recorded in April, May, and June. PeckShield counted 16, 15, and 20 hacks in January, February, and March, respectively.
The common loss per hack fell to about $2.7 million, down from roughly $9 million in July. PeckShield’s high ten incidents accounted for $123.34 million of August’s whole, leaving round $12.9 million throughout the opposite 40 hacks, per BeInCrypto calculations.
April stays the 12 months’s costliest month at $646.89 million, pushed by the Drift and KelpDAO exploits. Those two incidents alone accounted for $577 million.
Moonwell adopted Tectonic in August with $8.7 million in losses. Term Labs misplaced $8.5 million, Coinsbuy $7.9 million, and TAC $7.5 million. Injective, MANTRA, BounceBit, Cosmos Labs, and aquifer rounded out the highest ten.
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