According to blockchain security company PeckShield, losses from cryptocurrency-related thefts and scams totalled $26.5 million in February, the lowest monthly amount since March 2025.
Two of the 15 occurrences that were recorded throughout the month were responsible for most of the losses. The largest was a $10 million price manipulation attack on YieldBlox’s DAO-managed lending pool.
The second major exploit targeted the decentralized identity protocol IoTeX, which lost around $8.9 million due to a private key breach. Overall, February losses dropped 69% compared to January’s $86 million.
According to security experts, the decrease might be the result of improved monitoring systems, stricter risk controls, and more robust security requirements on all major platforms.
Additionally, market volatility was a factor. Managing liquidity and risk exposure frequently takes precedence over making use of smart contracts during abrupt corrections.
In terms of crypto security, artificial intelligence is likewise becoming a potent instrument. Pre-deployment simulations, anomaly detection systems, and automated code reviews are all aiding in the early detection of vulnerabilities.
However, as scammers are increasingly focusing on people rather than smart contracts, phishing attempts continue to pose a hazard. According to the data, the crypto industry’s security standards are steadily rising, even though hazards still exist.
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