In February, the cryptocurrency industry suffered a total loss of approximately $160 million due to exploits, hacks, and fraud. Despite the rise in prices, this figure was down slightly from January.
According to the latest update from CertiK, exit fraud accounted for the most at $58.2 million, followed by exploits at $101 million. He lost $14.6 million in phishing damage and successfully recovered $6.4 million. Losses on the flash loan were minimal at $138,000.
- Hong Kong-based cryptocurrency exchange BitForex tops CertiK chart, its hot wallet witnessed an outflow of approximately $56.5 million in assets the day before the platform stopped processing transactions. It went offline and the team didn't respond to your requests.
- Next, crypto gaming platform PlayDapp lost $32.4 million after hackers stole its private keys and minted more than 1.79 billion PLA tokens.
- Decentralized exchange FixedFloat, which lost $26 million worth of Bitcoin and Ether in a hack, was the third major incident to appear on CertiK's list in February, followed by Jihoz.Ron and Seneca, who lost $9.7 million and 650 Followed by $1 million.
- Since the beginning of this year, immigration fraud has caused losses of $62.54 million.
- Meanwhile, flash loan attacks caused losses of $138,000 in February, compared to a whopping $15.3 million in January, bringing total losses year-to-date (year-to-date) to $15.409 million. It became a dollar.
- The top five flash loan attacks were on BurnsDefi with losses of $64,000, followed by ZoomerCoin, Azuma ERC 404, Synthetix, and RabbitERCX with losses of $41,120, $26,116, $3,663, and $2,756, respectively.
- As of 2024, year-to-date losses have exceeded $343.5 million.
