In February, crypto hack and scam losses fell to 26.5 million dollars according to PeckShield, reaching the lowest level since March 2025. Two of the 15 incidents accounted for the majority of the total losses: on February 21, 10 million dollars via price manipulation from YieldBlox DAO’s lending pool, and on the same day, approximately 8.9 million dollars stolen through private key exploitation from IoTeX’s decentralized identity protocol. This figure represents a 69.2% decrease compared to 86 million dollars in January.
Losses from crypto hacks and scams fell sharply in February, hitting the lowest level since March 2025. Source: PeckSheild
February Crypto Hacks: Biggest Losses
- YieldBlox DAO: Stolen from lending pool via price manipulation, 10M$.
- IoTeX: Private key exploitation, 8.9M$ loss. Click for IOTX detailed analysis.
- Total 15 incidents, phishing down to 83.85M$ but the threat continues.
PeckShield spokesperson told Cointelegraph that the 1.5 billion dollar Bybit hack in February 2025 is not included in the statistics, and that the market correction, with Bitcoin falling below 70 thousand dollars as seen in BTC detailed analysis, reduced exploits. Kronos Research analyst Dominick John stated that tight risk controls and real-time monitoring were effective.
Did BTC Market Correction Affect Hacks?
Today BTC price is at the 66,747$ level, in downtrend with 24h -1.18% drop (RSI 42.06). Rose 0.7% in futures market after recent US-Iran crisis. BTC futures may increase volatility. Supports: S1 64,359$ (strong), S2 66,530$. Resistances: R1 68,193$, R2 74,617$. Market correction reduced hack motivation.
Frequently Asked Questions About Crypto Hacks and Scams
What were the biggest hacks in February?
YieldBlox (10M$) and IoTeX (8.9M$).
Why is phishing still a threat?
Dropped from 494M$ to 83.85M$ in 2025 but social engineering risk remains high.
Did the BTC drop reduce hacks?
Yes, according to PeckShield, market pressure limited exploits.
Source: https://en.coinotag.com/february-crypto-hack-losses-lowest-265m
