In accordance with Immunefi’s newest cryptocurrency loss report, the cryptocurrency business misplaced $67 million because of 12 incidents in February, with hacking assaults accounting for 97.54% of stolen funds.
In the meantime, the remaining 2.46% of stolen funds have been misplaced to fraud.
The report mentioned that regardless of the heavy losses this month, they have been nonetheless considerably decrease in comparison with January 2024, suggesting that safety measures might have improved or that there could also be better vigilance inside the crypto neighborhood.
february numbers
Cryptocurrency gaming platform PlayDapp and decentralized trade FixFloat accounted for a lot of the losses, at $32.35 million and $26.1 million respectively. Duelbits, an internet on line casino with encryption options, misplaced $4.6 million.
These losses totaled $63.05 million of February’s whole lack of $67.07 million. The remainder of the losses have been unfold throughout a number of platforms, with solely RiskOnBlast and Blueberry Protocol dropping greater than $1 million.
The report exhibits that Ethereum was probably the most focused chain, struggling a complete of 12 assaults, whereas the BNB chain and the Bitcoin venture every suffered 1 assault in a month.
All incidents focused DeFi platforms and companies, whereas CeFi suffered no losses.
Lack of $200 million per 12 months
Cryptocurrency losses in February fell by 50% in comparison with the $133 million in losses brought on by numerous incidents in January.
Consolidated losses for the 12 months now stand at $200 million, 15.4% greater than the identical interval final 12 months.
Though losses elevated year-on-year, a report from Peckshield confirmed that hacks and scams fell by 27.78% in comparison with the identical interval final 12 months. Because of this it turns into harder to commit hacks and scams general, demonstrating elevated vigilance and safety.
Immunefi’s January and February stories omitted sure assaults, together with a $6.4 million assault on Seneca, a $6.2 million assault on LastPass customers, a $6.5 million assault on the MIM stablecoin, and most notably It was an assault on Ripple co-founder Chris Larsen’s $112 million private pockets.
If these hacks are included, whole losses in February could be $198.1 million, and whole losses to this point this 12 months could be $398.1 million.
