According to Immunefi's latest crypto loss report, losses for the crypto industry in February amounted to $67 million across 12 incidents, with 97.54% of stolen funds coming from hacking.
Meanwhile, the remaining 2.46% of stolen funds were lost to fraud.
Despite the significant losses for the month, there was a notable decline compared to January 2024, suggesting possible improvements in security measures and heightened vigilance within the cryptocurrency community, the report said. ing.
February numbers
Cryptocurrency gaming platform PlayDapp and decentralized exchange FixedFloat accounted for most of the losses at $32.35 million and $26.1 million, respectively. His Duelbits, an online casino with cryptocurrency capabilities, lost him $4.6 million.
Together, these losses accounted for $63.05 million of February's total losses of $67.07 million. The remaining losses were spread across multiple platforms, with only RiskOnBlast and Blueberry Protocol losing more than $1 million.
According to the report, Ethereum was the most targeted chain with 12 attacks, while the BNB Chain and Bitcoin projects each suffered one attack in the same month.
All of these incidents targeted DeFi platforms and services, but CeFi did not suffer a single loss.
Annual loss is $200 million
Cryptocurrency losses in February decreased by 50% compared to the $133 million lost in January due to various incidents.
Total losses for the year now stand at $200 million, an increase of 15.4% compared to the same period last year.
Immunefi's January and February reports include a $6.4 million attack on Seneca, a $6.2 million attack on LastPass users, a $6.5 million attack on the MIM stablecoin, and most notably, the co-founding of Ripple. Certain attacks are omitted, such as the $112 million attack on Chris Larsen. personal wallet.
Including these hacks, total losses would reach $198.1 million as of February and $398.1 million since the beginning of the year.
