Hackers drained over $100m across 20 attacks in February, data shows

by Adolf Balistreri

Cybercriminals stole greater than $104 million price of crypto in February, marking a 42% decrease in contrast to January.

In accordance with files compiled by PeckShield, hackers successfully performed 20 assaults against decentralized protocols in February, with the most indispensable breach taking place at PlayDapp, ensuing in an absence of $36 million price of crypto for the mission.

#PeckShieldAlert Hackers stole ~$104.73m throughout over 20 assaults in February 2024, marking a MoM decrease of 42% in contrast to January 2024. Furthermore, ~6.4% of the stolen funds were returned, totaling ~$6.7m pic.twitter.com/0W6k4ssAYO

— PeckShieldAlert (@PeckShieldAlert) March 1, 2024

Following carefully behind, the crypto trading platform FixedFloat suffered losses totaling $25.8 million, while Ronin and Axie Infinity co-founder Jeff “Jihoz” Zirlin encountered the third-largest incident of the month, shedding $9.7 million. PeckShield extra eminent that roughly 6.5% of the stolen funds, roughly $6.7 million, were returned.

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Files implies that hackers in total transferred the stolen crypto to the sanctioned crypto mixer Twister Money, followed by alternate protocol eXch and the Bitcoin blockchain. Whereas the real extent of prison process in February remains elusive, as victims on the entire attach now not narrative such crimes, the newest figures symbolize an enlarge in contrast to February 2023, when the market incurred losses of $30.6 million attributable to hacker assaults, in step with DefiLlama files.

Be taught extra: Hackers clutch $7m from breached GAMEE token contracts linked to Polygon

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