Crypto Hack Losses Fell to $75.9 Million in June, With Humanity Hit Hardest
Summary
- About 40 hacking incidents hit the cryptocurrency industry in June, causing $75.9 million in losses, down 7.1% from May.
- Humanity (H) suffered the biggest loss at $36 million, and the breach is believed to have stemmed from the exposure of the founder’s private key.
- PeckShield said the attacker laundered funds using Bitcoin (BTC), Solana (SOL), Hyperliquid (HYPE) and BNB Chain, while cumulative hacking losses this year have exceeded $750 million.
Forecast Trend Report by Period
Cryptocurrency industry losses from hacks edged lower in June from the previous month.
The Block reported on July 1 that blockchain security firm PeckShield identified about 40 hacking incidents across the crypto industry in June. Total losses amounted to about $75.9 million, down 7.1% from $81.7 million in May.
Humanity (H) suffered the largest loss. The company’s own investigation put the damage at $36 million. The breach is believed to have stemmed from the exposure of founder Terence Kwok’s private key.
PeckShield said the attacker laundered the stolen funds through Bitcoin (BTC), Solana (SOL), Hyperliquid (HYPE) and BNB Chain. It added that some of the funds appeared to have been mixed with assets tied to the separate KelpDAO hack, fueling speculation that the same hacker may have been involved in both incidents.
Separately, TRM Labs said cumulative losses from crypto hacks this year have surpassed $750 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul