March 1 X post<\/a>. The figure marks a 98.2% year over year decline compared to February 2025 and a 69.2% month over month drop from January, when more than $86 million was drained.<\/p>\nThe majority of the month\u2019s losses came from just two incidents. Over $10 million was lost in the YieldBlox hack after attackers executed an oracle price manipulation attack on the DAO-managed lending pool. Meanwhile, roughly $8.9 million was stolen from decentralized identity protocol IoTeX due to a compromised private key, even though IoTeX had initially said the amount was closer to $2 million.<\/p>\n
Other notable incidents include roughly $3 million stolen from CrossCurve, and over $4 million in combined losses across two separate exploits targeting FOOM CASH and Moonwell.<\/p>\n
<\/p>\n
Phishing attacks drained over $8 million<\/h1>\n
A separate report from blockchain security firm CertiK put total February losses at nearly $37.7 million; however, the report also took into consideration phishing attacks that accounted for $8.6 million of the total.<\/p>\n
Phishing attacks were the third most costly attack vector after wallet compromise, which led losses at $16.6 million, and price manipulation attacks, which accounted for $11.4 million, the report said.<\/p>\n
For context, phishing attacks involve malicious actors tricking users into revealing sensitive information such as private keys or seed phrases, often through fake websites, social media messages, or impersonation schemes, ultimately allowing attackers to drain funds directly from victims\u2019 wallets.<\/p>\n
As previously reported by crypto.news, roughly $48 million worth of seized Bitcoin was stolen from South Korea\u2019s Gwangju District Prosecutors\u2019 Office, with phishing cited as a suspected cause.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto losses from hacks and scams fell to an eleven-month low in February, according to a report from blockchain security firm PeckShield. Summary Crypto losses fell to $26.5 million across…<\/p>\n","protected":false},"author":1,"featured_media":20205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22997"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22997\/revisions"}],"predecessor-version":[{"id":22998,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22997\/revisions\/22998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/20205"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}