Crypto-related 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. The figure represents a 69.2% decline from January’s $86 million. Of the 15 reported incidents, two accounted for the majority of losses, including a $10 million price manipulation attack on YieldBlox’s DAO-managed lending pool and an $8.9 million private key exploit targeting IoTeX.
PeckShield attributed the decline in part to the absence of large-scale breaches that had previously skewed monthly figures. Heightened market volatility, including a sharp correction in early February, also shifted focus toward liquidity management and institutional deleveraging rather than protocol-level exploits.
Market participants say improved risk controls and enhanced monitoring may be contributing factors. Analysts note that stronger security frameworks, audits, and automated detection tools are raising industry standards, although phishing and social engineering attacks remain persistent threats across the sector.
