CertiK: Crypto industry lost $160 million in February as it shakes off scams and breaches

The crypto industry has lost more than $343.5 million so far this year.

In February, the crypto industry lost approximately $160 million due to breaches, hacks, and fraud. Despite the price increase, this number is slightly lower than in January.

According to the latest CertiK update, fraud accounted for the largest share with $58.2 million in losses, followed by breaches, which amounted to $101 million. Phishing resulted in $14.6 million in losses, while $6.4 million was successfully recovered. Flash loans caused the smallest loss at $138,000.

Hong Kong-based cryptocurrency exchange BitForex topped CertiK’s list, with around $56.5 million in outflows from its hot wallet the day before the platform stopped processing transactions. The platform then went offline and the team became unresponsive to user requests.

Next up is crypto gaming platform PlayDapp, where hackers minted and stole over 1.79 billion PLA tokens after stealing private keys, resulting in a loss of $32.4 million.

Ranking third on CertiK’s list of February incidents is decentralized exchange FixedFloat, which lost nearly $26 million in Bitcoin and Ethereum due to a hack, followed by Jihoz.Ron and Seneca, which each lost received US$9.7 million and US$6.5 million.

Since the beginning of the year, losses from fraud have amounted to $62.54 million.

Meanwhile, losses from flash loan attacks in February were $138,000, compared to a staggering $15.3 million in January, bringing the total year-to-date (YTD) losses to $15.409 million.

The top five flash loan attacks are BurnsDefi, with losses of $64,000, followed by ZoomerCoin, Azuma ERC 404, Synthetix and RabbitERCX, with losses of $41,120, $26,116, $3,663 and $2,756 respectively.

Year-to-date losses total more than $343.5 million through 2024. #CertiK #诈骗

标签：crypto AS CRYPTO