Losses within the cryptocurrency business reached $67 million in February attributable to 12 incidents, with hackers accounting for 97.54% of stolen funds, in keeping with Immunefi’s newest report on cryptocurrency losses.
In the meantime, the remaining 2.46% of stolen funds have been misplaced to fraud.
Regardless of vital losses through the month, there was a big drop in comparison with January 2024, suggesting attainable enhancements in safety measures or elevated vigilance inside the crypto group, the report stated.
February points
Crypto gaming platform PlayDapp and decentralized alternate FixedFloat accounted for many of the losses with $32.35 million and $26.1 million, respectively. Duelbits, an internet on line casino with cryptographic options, misplaced $4.6 million.
Mixed, these losses accounted for $63.05 million of February’s complete of $67.07 million. The remaining losses have been unfold throughout a number of platforms, with solely RiskOnBlast and Blueberry Protocol dropping greater than $1 million.
In accordance with the report, Ethereum was probably the most focused chain with 12 assaults, whereas BNB Chain and Bitcoin initiatives every suffered one assault through the month.
All incidents focused DeFi platforms and companies, whereas CeFi didn’t expertise a single loss.
Annual losses of 200 million {dollars}
Cryptocurrency losses fell by 50% in February in comparison with a lack of $133 million in January attributable to numerous incidents.
Mixed losses for the 12 months now stand at $200 million – up 15.4% in comparison with the identical interval a 12 months in the past.
Immunefi experiences from January and February missed some assaults, together with the $6.4 million assault on Seneca, the $6.2 million assault on LastPass customers, the $6.5 million assault on the stablecoin MIM, and most notably the assault on Ripple’s co-founder Chris Larsen for $112 million. private pockets.
If these hacks have been included, it will have introduced the whole loss to $198.1 million in February and $398.1 million year-to-date.
