**Crypto Hacks Surge in July: $266M Stolen Across 16 Attacks**

July saw a significant spike in cryptocurrency hacks, with a staggering $266 million stolen in 16 separate incidents. The most notable breach was the Indian crypto exchange WazirX, which lost over $230 million, attributed to North Korean hackers.

**Key Highlights:**

- **WazirX Hack:** 61,154 Ether (ETH) stolen, still under hacker control.

- **Other Victims:** Compound Finance ($24M), Li.Fi protocol ($10M), Bittensor, and Rho Markets ($8M each).

- **Hacker Tactics:** Funds often moved to Tornado Cash to evade detection.

In contrast, June recorded a lower loss of $176 million across 20 incidents. Centralized finance entities remain prime targets, with vulnerabilities stemming from both code and personal negligence.