Crypto hacking losses hit $136.3M across 50 incidents in August

Blockchain security firm PeckShield said 50 cryptocurrency-related hacking incidents in August caused total losses of $136.3 million. That was down 49.5% from $270 million in July. According to PeckShield, the largest loss came from Tectonic.cro, a Cronos-based DeFi protocol, where about $74 million in assets was drained. PeckShield said it was the fourth-largest crypto hacking loss this year, after incidents involving DRIFT, KelpDAO and LayerZero (ZRO).