![\"Avatar\"](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/09\/Benja-80x80.jpeg\"\/)
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Journalist<\/p>\n
\t\t\t\t\t\t\t\t\t\tPosted: September 20, 2025<\/p>\n
\t\t\t\t\t\t\t\tKey Takeaways
\nWhat happened?<\/p>\n
A whale lost nearly $7 million worth of crypto assets from a phishing scam<\/p>\n
What\u2019s the state of crypto hacks in 2025?<\/p>\n
Crypto hacks increased 15% in August, bringing lost funds to over $2.5 billion<\/p>\n
A large crypto player lost $6.8 million after signing signatures to the wrong links, commonly known as phishing scams.\u00a0<\/p>\n
With the trick, the victim unknowingly gave access to over $4.3 million of staked Ethereum [ETH]<\/a> and over $2.2 million of wrapped Bitcoin [BTC]<\/a> to the attacker.\u00a0<\/p>\n The hacker began laundering the funds immediately, with analysts<\/a> picking the trail across multiple addresses and platforms like Tornado Cash.\u00a0<\/p>\n Source: Reddit<\/p>\n Crypto hacks hit $2.5B in 2025<\/p>\n The above phishing attack always happens when the victim interacts with a malicious website or smart contract. They are one of the common attacks deployed by hackers that have risen sharply in Q3.\u00a0\u00a0<\/p>\n In fact, in August, about $163 million<\/a> worth of crypto assets were stolen, a 15% increase from July, according to Web3 security firm Peckshield. The firm noted,\u00a0<\/p>\n \u201cIn August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163 million\u2014a 15% increase from July\u2019s $142M.\u201d<\/p>\n Overall, crypto hacks have hit $2.5 billion, with the $1.5 billion Bybit exploit<\/a> in February being the largest.\u00a0<\/p>\n According to Web3 security experts<\/a>, one of the best ways to avoid most of these hacks, especially phishing scams, is to double-check the signature requests to ensure they are legitimate.<\/p>\n![\"Crypto](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/09\/Crypto-hack.png\"\/)
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