February crypto losses hit lowest level since March 2025, says PeckShield
PeckShield said fewer mega-hacks, heightened volatility and tighter risk controls may have helped push crypto losses to their lowest level in 11 months.
Crypto hacks and scams resulted in $26.5 million in losses in February, the lowest monthly total since March 2025, according to blockchain security firm 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.