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Crypto Hacks Drop to $26.5M in February Amid Security Gains

Crypto hacks and scams plummeted to a multi-year low in February, totaling approximately $26.5 million across 15 incidents. This represents a significant 69.2% decrease from January's $86 million in losses. The two largest attacks accounted for the majority: a $10 million price manipulation hack on YieldBlox’s lending pool and an $8.9 million private key exploit on IoTeX. Security firm PeckShield attributed the sharp decline to a lack of "mega-hacks" and a shift in focus due to market volatility. Analysts suggest capital is becoming more selective, rewarding protocols with stronger security, and that improved risk controls, audits, and AI-powered tools are contributing to a broader trend of enhanced crypto security.

TheNewsCrypto03/02 08:42