In July 2025, crypto hacks surged 27% to $142 million across 17 attacks, with CoinDCX’s $44 million server breach being the largest. GMX lost $40 million but recovered funds, while BigONE and WOO X lost $27 million and $14 million, respectively. Hackers increasingly target offchain systems, exploiting backend vulnerabilities, per PeckShield and Halborn.