50 major hacks in August 2026 cost the crypto industry $136.3M as AEREDIUM launches AERSeal

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Release Time: 2026/09/05 05:53:05

Summary

Crypto industry news from August 2026 reveals 50 major hacks, a 67% increase from July, with total losses declining to $136.3 million, a 49.5% decrease. TectonicFi suffered the largest loss at $74 million, while only $6 million was stolen from Cronos following a network pause. AEREDIUM launched AERSeal, a threshold signature tool designed to replace single private keys in smart contracts. The solution stores key shares in secure environments and supports the Ethereum Virtual Machine and compatible chains. It utilizes CGGMP24 to generate signatures without reconstructing full keys. AEREDIUM CEO Albert Dadon stated that the product enables on-chain verification of threshold keys for actions such as minting and upgrading, allowing clients to independently verify their assigned keys. Industry trends indicate a growing focus on security solutions as hack incidents rise.

Odaily Planet Daily reports, according to PeckShield data, the crypto industry experienced 50 major hacks in August 2026, a 67% increase from July; losses decreased to $136.3 million, down 49.5%. Among these, TectonicFi suffered approximately $74 million in losses, while only about $6 million was withdrawn from Cronos after its network was paused.

Digital asset security company AEREDIUM has launched AERSeal, which replaces a single private key controlling privileged smart contract functions with a multi-party authorized threshold signature. The product stores key shares separately in hardware-authenticated secure enclaves and supports the Ethereum Virtual Machine and compatible chains.

AERSeal does not reconstruct the full private key; instead, it generates signatures using the CGGMP24 threshold signature protocol. According to Albert Dadon, founder and CEO of AEREDIUM, the product allows customers to delegate permissions such as minting and upgrading to threshold keys, with on-chain verification confirming the transfer; customers can also independently verify the assigned threshold keys. (Bitcoin.com News)

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