July 2025 saw a significant rise in cryptocurrency hacks, resulting in $142 million in losses, according to security firm PeckShield. CoinDCX, GMX, and BigONE were the primary targets, accounting for 80% of the total losses. CoinDCX experienced the largest breach, losing $44 million in USDT due to compromised employee credentials. GMX suffered a $42 million loss from a protocol vulnerability, although most funds were recovered after the hacker accepted a white-hat bounty. The increase in crypto thefts suggests a worrying trend, with projections indicating potential losses exceeding $4.3 billion by the end of the year. The incidents highlight the ongoing security challenges faced by the cryptocurrency industry.