July Crypto Theft Hits $247.4M, Driven by Coldcard Exploit

Total crypto thefts reached $247.4M in July, led by the Coldcard breach. Losses spanned wallets, DeFi, and exchanges, highlighting rapid security deterioration.

Woofun AI reports that cryptocurrency thefts totaled $247.4 million in July, with the Coldcard incident emerging as the month's largest breach. Galaxy Digital noted that the gap between confirmed and potential losses complicates damage assessment during attack reconstruction. SecondFi data indicates losses were distributed across wallets, DeFi protocols, exchanges, and cross-chain infrastructure, demonstrating how quickly security conditions can deteriorate when a major exploit coincides with smaller breaches.