Crypto security losses reached $136 million across 50 incidents in August, according to PeckShieldAlert data. The figure highlights that market recoveries do not eliminate infrastructure risk, as attackers continue to target smart contracts, wallets, bridges, exchanges, and individual users. The article distinguishes between protocol exploits, which involve technical weaknesses, and phishing attacks, which directly target users. The $136 million monthly loss total remains significant and shows that security incidents are a central cost of using decentralized systems. This situation could slow institutional adoption and increase compliance costs for funds, companies, and payment firms entering the crypto space.
Source: Read the original article
