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July saw a sharp rise in crypto hacks, with exchanges losing over $100 million. Security breaches at CoinDCX and GMX dominated the losses, highlighting ongoing vulnerabilities in the crypto ecosystem.
- CoinDCX lost $44M in USDT after an employee fell for a phishing scam, compromising login credentials.
- GMX’s $42M exploit on Arbitrum was partially recovered after the hacker returned funds via a white-hat bounty.
- Chainalysis warns 2025 could see $4.3B in crypto thefts, with H1 losses already exceeding 2024’s total.
📎 Related coverage from: newsbtc.com