coin-img-ETHETH-1.56%coin-img-SOLSOL-1.94%coin-img-BTCBTC-1.56%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.88%coin-img-TRXTRX-2.97%coin-img-DOGEDOGE-1.10%coin-img-HYPEHYPE-2.43%coin-img-ETHETH-1.56%coin-img-SOLSOL-1.94%coin-img-BTCBTC-1.56%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.88%coin-img-TRXTRX-2.97%coin-img-DOGEDOGE-1.10%coin-img-HYPEHYPE-2.43%coin-img-ETHETH-1.56%coin-img-SOLSOL-1.94%coin-img-BTCBTC-1.56%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.88%coin-img-TRXTRX-2.97%coin-img-DOGEDOGE-1.10%coin-img-HYPEHYPE-2.43%coin-img-ETHETH-1.56%coin-img-SOLSOL-1.94%coin-img-BTCBTC-1.56%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.88%coin-img-TRXTRX-2.97%coin-img-DOGEDOGE-1.10%coin-img-HYPEHYPE-2.43%

PeckShield: August crypto hacks total $136.3M across 50 incidents; TectonicFi exploit tops list at $74M

AI Market Summary
PeckShield's report of $136.3M lost across 50 major hacks in August, dominated by TectonicFi's $74M exploit, reinforces persistent protocol and operational risk in crypto. The scale and frequency of losses can pressure risk appetite, widen risk premia across DeFi tokens, and increase scrutiny from exchanges, insurers, and regulators. In the near term this typically supports a defensive stance and higher volatility across major crypto assets.
Impact level
● Medium
Affected assets
BTC/USDT-1.54%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
PeckShield data show the crypto sector suffered an estimated $136.3 million in losses from 50 major hacking incidents in August. The largest single event was a $74 million exploit involving TectonicFi.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.