July Became One of the Worst Months for the Crypto Industry Due to Theft of Over $247M

cryptonews.ruPubblicato 2026-08-08Pubblicato ultima volta 2026-08-08

Introduzione

July 2026 was one of the worst months for the crypto industry due to hacks totaling over $247 million, making it the second-largest loss of the year so far. The significant losses were largely driven by several hardware wallet exploits targeting Coldcard, which Galaxy Digital reports led to over $130 million in losses. Analysts confirmed three major attacks on Coldcard, with a potential fourth wave under investigation. According to DefiLlama, the losses from Coldcard alone were approximately $115 million. This series of attacks highlights that even cold storage is not immune to technological risks that can endanger thousands of wallets simultaneously. Other notable incidents in July included the $9 million hack of the Bonzo Lend DeFi protocol, a $2.6 million theft from a Cardano-based SecondFi wallet, a $24 million theft from the Arbitrum-based AFX exchange, and a $7.5 million exploit via the Verus Ethereum Bridge.

Updated: 2026-08-07

According to data from the DefiLlama platform, hackers stole over $247 million worth of cryptocurrency in July 2026. This is the second-largest figure since the beginning of the year. So far, April remains the leader in terms of losses, with $644 million. For comparison, in June, malicious actors stole digital assets worth nearly $75 million, and in May, approximately $60 million.

The largely disappointing results for July are largely due to several exploits targeting Coldcard hardware wallets. According to Galaxy Digital, users of these devices lost over $130 million. Analysts at the company identified and confirmed three attacks on Coldcard; they also detected a fourth wave but have not yet been able to definitively confirm it. According to the DefiLlama hack tracker, hackers stole about $115 million from Coldcard owners.

July showed that even cold storage does not eliminate technological risks that can simultaneously endanger thousands of wallets, — stated CryptoRank.

However, attacks on Coldcard were not the only notable events in July. Last month also saw a $9 million hack of the Bonzo Lend DeFi protocol, a $2.6 million theft from the Cardano-based SecondFi wallet, a $24 million theft from the Arbitrum-based AFX exchange, and a $7.5 million theft via the Verus Ethereum Bridge.

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Domande pertinenti

QAccording to the article, why was July one of the worst months for the crypto industry in 2026?

ABecause hackers stole over $247 million worth of cryptocurrency, making it the second-largest monthly loss of the year at that point.

QWhat were the approximate losses from crypto thefts in May and June of 2026 as mentioned in the report?

AIn June, nearly $75 million was stolen, and in May, approximately $60 million was stolen.

QWhat was the primary factor contributing to the high losses in July, and which specific hardware wallet was targeted?

AThe high losses were largely due to several exploits of Coldcard hardware wallets, with users losing more than $130 million according to one report.

QAccording to the quote from CryptoRank in the article, what key point does July's data illustrate about cold storage?

AIt illustrates that even cold storage does not eliminate technological risks, which can simultaneously endanger thousands of wallets.

QBesides the Coldcard attacks, name one other significant crypto theft incident that occurred in July according to the article.

AOne other significant incident was the theft of $24 million from the Arbitrum-based AFX exchange.

Letture associate

Shenzhen Chip 'Little Giant' Restarts IPO, with Lei Jun, Huawei, and BOE Holding Shares

"Cloud Valley Technology, a Shenzhen-based 'little giant' specializing in AMOLED display driver chip design, has restarted its process for an A-share IPO by filing for listing tutoring with the Shenzhen Securities Regulatory Bureau on September 10th, with GF Securities as the tutoring institution. Established in May 2012 and listed on the Hong Kong Stock Exchange in May 2025, the company is a leader in its field. According to its prospectus, founder Gu Jing serves as Chairman and CEO. Major investors include Xiaomi's Yangtze River Fund and Tianjin Jinmi (controlled by Lei Jun), Huawei's Hubble Technology, BOE Technology, and Qualcomm China. Despite continuous revenue growth from 5.51 billion yuan in 2022 to 11.06 billion yuan in 2025, Cloud Valley has yet to achieve profitability, reporting net losses in the same period. R&D expenses have remained substantial, reaching 2.66 billion yuan in 2025. The company specializes in two product lines: AMOLED display driver chips primarily for smartphones, and Micro-OLED display backplanes/drivers for AR/VR devices. Frost & Sullivan data positions the company as the world's fifth-largest and China's largest supplier of AMOLED display driver chips by 2024 sales volume. It also holds a significant 40.7% market share in the global Micro-OLED display backplane/driver market. Notably, it was the first Chinese mainland company to supply AMOLED driver chips to major consumer electronics brands and has cumulatively sold over ten million chips to downstream brand customers. This marks Cloud Valley's second attempt for an A-share listing after withdrawing an application for the STAR Market in 2023."

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Shenzhen Chip 'Little Giant' Restarts IPO, with Lei Jun, Huawei, and BOE Holding Shares

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