August Broke 2026's Monthly Hack Record Even as Losses Fell 49%

Crypto recorded 50 major hacks in August, the highest monthly count of 2026. Total losses fell to $136.3 million, down 49.5% from July. Blockchain security firm PeckShield published the tally on Tuesday. The figures show attackers striking far more often while extracting less from each incident. Cronos Halt Blunted the Months Largest Exploit A single incident dominated the month. Tectonic is the largest lending protocol on Cronos (CRO). It reportedly lost roughly $74 million, the fourth-largest crypto theft of 2026 to date. The attacker moved only about $6 million to Ethereum (ETH) before validators froze the network. The exploiter has since started laundering the stolen funds, bridging them to #BTC (~200K so far), PeckShield said. Cronos then restored the chain state to a point before the attack and resumed block production. Attack Volume Rose as Individual Hauls Shrank Augusts 50 incidents topped the 40 recorded in April, May, and June. PeckShield counted 16, 15, and 20 hacks in January, February, and March, respectively. Monthly Crypto Hack Counts in 2026. Source: PeckShield/BeInCrypto The average loss per hack fell to about $2.7 million, down from roughly $9 million in July. PeckShields top ten incidents accounted for $123.34 million of Augusts total, leaving around $12.9 million across the other 40 hacks, per BeInCrypto calculations. April remains the years costliest month at $646.89 million, driven by the Drift and KelpDAO exploits. Those two incidents alone accounted for $577 million. Moonwell followed Tectonic in August with $8.7 million in losses. Term Labs lost $8.5 million, Coinsbuy $7.9 million, and TAC $7.5 million. Injective, MANTRA, BounceBit, Cosmos Labs, and aquifer rounded out the top ten. Read the article at BeInCrypto