According to Cointelegraph, the cryptocurrency industry suffered $247 million in losses due to hacks in July, making it the second-highest monthly loss of 2026. The Coldcard vulnerability was the largest security incident of the month, with Galaxy Digital confirming that at least $100 million in Bitcoin was stolen from 7,300 wallets across three attack waves; a suspected fourth wave raised total losses to approximately $130 million. Other incidents included $9 million lost by Bonzo Lend, $2.6 million lost by SecondFi, $24 million lost by AFX, and $7.5 million lost via the Verus Ethereum bridge. CryptoRank noted that cold storage cannot eliminate technical risks.
July crypto hacks cost $247M, with Coldcard vulnerability causing major losses
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Summary
In July, cryptocurrency market losses reached $247 million due to hacking attacks, the second-highest monthly total of 2026. A vulnerability in Coldcard resulted in $130 million in Bitcoin theft across four attack waves, with Galaxy Digital reporting 7,300 affected wallets. Other incidents included $24 million from AFX, $9 million from Bonzo Lend, and $7.5 million from the Verus Ethereum bridge. Crypto analysis from AiCoin and CryptoRank shows that cold storage is not immune to technical risks.
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