[In July, the crypto industry suffered a total loss of $247 million due to hacking, making it the second-highest month this year] According to Cointelegraph, the crypto industry suffered a total loss of $247 million in July due to hacking, making it the second-highest month in 2026, second only to April's $644 million. Among these, the Coldcard vulnerability was the largest security incident of the month. Galaxy Digital confirmed that at least $100 million worth of Bitcoin was stolen from 7,300 wallets across three attack waves, with a suspected fourth wave potentially raising the total loss to approximately $130 million. Other major incidents included Bonzo Lend losing $9 million, SecondFi losing $2.6 million, AFX losing $24 million, and the Verus Ethereum bridge losing $7.5 million. CryptoRank pointed out that even cold storage cannot eliminate technical risks.