Blockchain security company PeckShield released data on September 1st showing that there were 50 major attacks in the crypto industry in August, a 67% increase from 30 in July, setting a new high for a single month since 2026. However, the total losses for that month were approximately 136.3 million US dollars, a decrease of 49.5% compared to the previous month.
This means that attacks occur more frequently, but the amount stolen in each attack has significantly decreased. On average, each incident resulted in a loss of about 2.7 million US dollars in August, which is lower than the approximately 9 million US dollars in July. In terms of the number of attacks, August was the most intensive month of the year; however, if calculated by the amount stolen, it was not the month with the greatest losses.
Tectonic Has Experienced Over 50% Losses
The losses in August were mainly concentrated in a few large-scale incidents. Cronos The largest lending protocol on the chain, Tectonic, reportedly suffered losses of about 74 million US dollars, accounting for more than half of the total losses for that month, and it was also the fourth-largest crypto theft incident so far in 2026.
After the incident, the attacker transferred only about 6 million US dollars to Ethereum. Subsequently, the Cronos validators froze the network. Thereafter, the Cronos restored the chain state to before the attack and restarted block generation, limiting the further outflow of stolen assets.
- Losses from the top 10 events in August amounted to approximately $123.34 million.
- The remaining 40 major attacks amounted to approximately $12.9 million in total.
- Tectonic A single incident accounts for more than half of the monthly losses
Moonwell and Coinsbuy are in the same column.
In addition to Tectonic, there were several other high-value attacks in August. Moonwell The lending market on Base was exploited, and attackers manipulated the MAMO collateral-related mechanisms, resulting in losses of approximately 8.7 million US dollars.
The Coinsbuy incident resulted in losses of approximately $7.9 million, involving wallets on Ethereum and TRON. Some of the stolen funds were quickly directed to exchanges and then converted into Monero.
In terms of attack methods, recent incidents have covered a wider range. In addition to manipulating prices of oracles or collateral, there have also been cases where wallets were compromised. Even earlier on, vulnerabilities in governance systems and hardware wallets have served as entry points for attacks.
April remains the month with the highest losses.
According to PeckShield, there were 16 major attacks in January, 15 in February, and 20 in March 2026. In April, May, and June, there were 40 attacks each month, and the 50 attacks in August surpassed those of all previous months.
However, in terms of the amount involved, April remains the month with the most severe losses this year, with a total loss of approximately $646.9 million. This is mainly due to the two incidents Drift and KelpDAO, which together caused a loss of about $577 million.
This also indicates that looking solely at 'record-breaking number of attacks' is not sufficient to reflect the full picture of the risks. Although the total losses in August were lower than in July, 50 significant incidents occurred concentratedly, showing that the crypto industry continues to face an expanding range of attacks that cover multiple aspects such as lending platforms, wallets, and infrastructure.
