PeckShield says the lack of large hacks, heightened market volatility, and tighter risk controls could all have played a part in crypto recording the lowest losses in nearly a year.
The monthly losses from crypto hacks and scams in February hit the lowest level since March 2025, with $26.5 million stolen last month, says blockchain security company PeckShield.
Out of 15 instances in February, only two accounted for most of the month’s losses, with the largest being the $10 million theft from YieldBlox’s DAO-managed lending pool via a price manipulation attack on Feb. 21, PeckShield reported in an X post on Sunday.
The second-largest exploit targeted the decentralized identity protocol IoTeX, which lost about $8.9 million to a private key exploit on Feb. 21. Overall, February’s total represents a 69.2% month-on-month decrease from January, which recorded just over $86 million in losses.
