Crypto Scams and Hacks Drop Sharply in February, PeckShield

Blockchain security firm PeckShield reported that monthly losses from crypto hacks and scams dropped significantly in February, reaching $26.5 million, the lowest level since March 2025. This figure represents a 69.2% decrease from January's $86 million. The majority of February's losses stemmed from two major incidents: a $10 million theft from YieldBlox's lending pool and an $8.9 million loss from the IoTeX protocol. A PeckShield spokesperson suggested that market volatility and a shift in focus toward institutional deleveraging cooled exploit activity. Analyst Dominick John noted that tighter risk controls, stronger counterparty standards, and improved real-time monitoring may also be contributing factors, predicting further declines as security frameworks mature, potentially accelerated by AI-driven vulnerability detection. Despite the overall drop, phishing remains a persistent threat, with attackers increasingly targeting humans rather than smart contracts, necessitating the use of multi-sig cold storage solutions.

(Source：Cointelegraph)