Crypto hacks cost $110M in July as bug reports rise
Crypto projects lost roughly $110 million to hacks in July as Immunefi recorded more confirmed bug bounty reports and found that audit competitions uncovered more serious vulnerabilities than private audits. Crypto hacks put 2026 on course for a record Immunefi recorded 164 crypto hacks through Aug. 3, including 67 incidents that each caused more than $1 million in losses, according to data published by the security platform. The company projects that the number of hacks exceeding $1 million could reach 114 by the end of 2026. That would surpass the previous annual record of 72 major incidents set in 2024. Only 49 such incidents had been recorded by the same point that year. Julys estimated $110 million total added to an already costly year for the industry. A recent Blockaid report found that crypto security losses reached $1.1 billion during the first six months of 2026. Several large attacks contributed to the July total. Ostium lost 23.75 million USDC after an attacker compromised its off-chain infrastructure and manipulated price data used by the protocol. AFX suffered a separate $24.15 million bridge exploit during the month. Together, the two incidents accounted for more than $47 million in losses. Bug bounty reports and payouts increased Immunefi said its researchers received