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Crypto hack losses fell to $26.5 million in February amid sharp monthly and annual declines: PeckShield

The Block
Crypto hacking losses dropped to $26.5 million in February, marking the lowest total since March 2025.

Summary

Blockchain security firm PeckShield reported that confirmed crypto hacking losses totaled $26.5 million in February, the lowest monthly figure since March 2025. This represents a significant 98.2% decline from the $1.5 billion lost in February 2025 (which included the massive Bybit exchange drain) and a 69.2% drop from January's $86 million. The five largest incidents accounted for over 98% of February's total, led by a $10 million exploit on YieldBlox. Recovery efforts are underway for major hacks; Stellar validators froze $7.2 million of the YieldBlox funds, and the IoTeX Foundation announced a 100% compensation plan for users affected by the $8.8 million ioTube bridge breach.

(Source:The Block)