The crypto ecosystem witnessed a surge in the number of hacks in June while the market was wandering in the bearish zone. 

According to data provided by PeckShield, hackers stole $176.2 million from crypto platforms in June, recording a 54.2% decrease from May’s $574.6 million. 

Data shows that the least amount of hacks so far this year happened in April, reaching $60.19 million. Per the blockchain security company’s X post, the total amount of crypto lost to hackers this year has surpassed the $1.5 billion mark.

The largest hack belongs to the Turkish crypto trading platform BtcTurk, worth $100.25 million. Per a Coin Insider Daily report on June 22, the company’s hot wallets were compromised, letting the attackers breach at least 10 different cryptocurrencies.

Moreover, the second-largest hack last month belonged to the British crypto exchange Lykke, where hackers stole over $22 million from the company.

UwU Lend, Holograph and Velocore also made it to the top five with $19.4 million, $14.4 million and $6.8 million lost to hackers in June, respectively. 

According to a report from Immunefi, the cryptocurrency ecosystem lost $572.7 million to hacks and scams in Q2 this year. 72 fraudulent incidents were recorded over the past three months.

Per data from Crystal Intelligence, the crypto industry lost nearly $20 billion to hacks and scams between 2011 and March 2024. The total number of breaches has reached a total of 785.