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August 2026 Crypto Hacks: 67% More Incidents, 49.5% Less Loss; AEREDIUM Unveils AERSeal Threshold Signature
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News EditorAccording to PeckShield data, August 2026 witnessed 50 major crypto hacks, a 67% increase from July, but total losses dropped 49.5% to $136.3 million. Tectonicfi suffered approximately $74 million in losses, while Cronos paused its network, limiting the outflow to about $6 million. Meanwhile, digital asset security firm AEREDIUM launched AERSeal, a threshold signature solution that replaces single private keys controlling privileged smart contract functions. The product splits key shares across hardware-certified secure enclaves, supports EVM and compatible chains, and uses the CGGMP24 threshold signature protocol to generate signatures without reconstructing the full private key. Founder and CEO Albert Dadon said the solution can transfer minting, upgrade, and other permissions to threshold keys, verified on-chain, and clients can independently verify the assigned threshold keys.
PeckShield data reveals a mixed picture for crypto security in August 2026. The number of major hacks surged 67% month-over-month to 50 incidents, but the total value lost dropped 49.5% to $136.3 million. Tectonicfi accounted for the largest single loss at roughly $74 million. Cronos, after pausing its network, saw only about $6 million drained.
In response to persistent private key risks, AEREDIUM introduced AERSeal. The solution replaces a single private key controlling privileged smart contract functions with a multi-party threshold signature. Key shares are stored in separate hardware-certified secure enclaves. AERSeal supports Ethereum Virtual Machine and compatible chains, and generates signatures via the CGGMP24 threshold signature protocol. It never reconstructs the full private key.
Albert Dadon, founder and CEO of AEREDIUM, stated that the product can transfer minting, upgrade, and other permissions to a threshold key, with the transfer confirmed through on-chain verification. Clients can also independently verify the assigned threshold keys.
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