Crypto Scammers Have Been Quiet in February, Hacks Fall by 90%
Crypto exploits dropped over 90% in February, totaling only $35.7 million in losses, the lowest since March 2025.Summary
Crypto exploits saw a dramatic decline in February, with total losses falling to just $35.7 million, marking the quietest month for security since March 2025. This figure is a massive drop from January's losses and significantly lower than February of the previous year, which was skewed by a $1.5 billion Bybit exploit. Despite the overall reduction, targeted attacks still occurred, including a $10 million oracle manipulation exploit on YieldBlox Blend on the Stellar network, and an $8-9 million private key compromise on IoTeX. Phishing attacks remained a concern, accounting for $8.5 million of the total losses, fueled by the rise of professionalized "drainer-as-a-service" platforms that lower the technical barrier for scammers.
(Source：BeInCrypto)