In February, the crypto industry seen losses totaling roughly $160 million attributable to exploits, hacks, and scams. The figures represented a small dip from January despite an boost in prices.
According to the most contemporary update by CertiK, exit scams claimed the lion’s portion at $58.2 million, adopted by exploits at $101 million. Phishing accounted for $14.6 million, whereas $6.4 million used to be successfully recovered. Flash loans incurred minimal losses at $138k.
- Hong Kong-based mostly crypto swap BitForex topped CertiK’s chart, with its hot wallets witnessing outflows of around $56.5 million in sources a day earlier than the platform stopped processing transactions. It went offline, and the team used to be unresponsive to user requests.
#CertiKStatsAlert 🚨
Combining the final incidents in February we’ve confirmed ~$160M misplaced to exploits, hacks and scams
The complete is a small lower from January with phishing accounting for ~$14.6m
Exit scams: ~$58.2m
Flash loans: ~$138k
Exploits: ~$101M
Returned: ~$6.4M… pic.twitter.com/E15cqbeELQ— CertiK Alert (@CertiKAlert) February 29, 2024
- Next up used to be the crypto gaming platform PlayDapp, which misplaced $32.4 million after hackers stole inside of most keys to mint and grab over 1.Seventy 9 billion PLA tokens.
- FixedFloat, a decentralized swap that misplaced shut to $26 million worth of Bitcoin and Ether in a hack, used to be the third foremost incident in February on CertiK’s listing, adopted by Jihoz.Ron and Seneca with $9.7 million and $6.5 million.
- For the reason that starting of this year, exit scams claimed $62.54 million in losses.
- Within the period in-between, flash mortgage attacks resulted in $138k in losses for the length of February in comparison with a whopping $15.3 million in January, bringing complete year-to-date (YTD) losses of $15.409 million.
- The high 5 flash mortgage attacks possess been BurnsDefi with $64,000 losses, adopted by ZoomerCoin, Azuma ERC 404, Synthetix, and RabbitERCX with losses of $41,120, $26,116, $3,663, and $2,756 respectively.
- As of 2024, the year-to-date losses stand at larger than $343.5 million.
