Hackers drained over $100m across 20 attacks in February, data shows

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Cybercriminals stole greater than $104 million value of crypto in February, marking a 42% lower in comparison with January.

In accordance with information compiled by PeckShield, hackers efficiently executed 20 assaults towards decentralized protocols in February, with essentially the most vital breach occurring at PlayDapp, leading to a lack of $36 million value of crypto for the challenge.

Following carefully behind, the crypto buying and selling platform FixedFloat suffered losses totaling $25.8 million, whereas Ronin and Axie Infinity co-founder Jeff “Jihoz” Zirlin encountered the third-largest incident of the month, dropping $9.7 million. PeckShield additional famous that roughly 6.5% of the stolen funds, roughly $6.7 million, have been returned.

Knowledge signifies that hackers usually transferred the stolen crypto to the sanctioned crypto mixer Twister Money, adopted by alternate protocol eXch and the Bitcoin blockchain. Whereas the precise extent of prison exercise in February stays elusive, as victims often don’t report such crimes, the most recent figures signify a rise in comparison with February 2023, when the market incurred losses of $30.6 million resulting from hacker assaults, in line with DefiLlama information.

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