Crypto losses from hacks and scams fell to $26.5 million in February, marking the lowest monthly figure since March 2025, according to blockchain security firm PeckShield.
Out of 15 reported incidents, two accounted for the majority of the damage, including a $10 million price manipulation exploit targeting YieldBlox’s DAO-managed lending pool and an $8.9 million private key breach affecting the decentralised identity protocol IoTeX.
February’s total represented a 69.2% decline from January’s $86 million in losses, with PeckShield attributing part of the drop to the absence of mega-hacks such as the $1.5 billion breach at Bybit in February 2025.
A PeckShield spokesperson said heightened market volatility, including bitcoin’s dip below $70,000, shifted focus toward liquidity management and deleveraging rather than protocol exploits, adding that high-volatility periods often reduce exploit activity.
Analysts also pointed to improving security standards, with Kronos Research’s Dominick John saying tighter risk controls, enhanced counterparty scrutiny and real-time monitoring are raising the bar for funded protocols, and following the announcement the PeckShield share price was unchanged at $N/A.