So far this year, the crypto industry has seen losses of more than $343.5 million.
The crypto industry lost about $160 million in February due to breaches, hacks and fraud, a figure that was down slightly from January despite the price increase.
According to CertiK’s latest update, fraud accounted for the largest share with $58.2 million in losses, followed by vulnerabilities with losses of $101 million. Phishing caused $14.6 million in losses, while $6.4 million was successfully recovered. Flash loans caused the least losses, at $138,000.
BitForex, a Hong Kong-based cryptocurrency exchange that topped CertiK’s list, saw around $56.5 million flow out of its hot wallets the day before the platform stopped processing transactions. The platform has since gone offline and the team has not responded to user requests.
Next was the crypto gaming platform PlayDapp, where hackers minted and stole more than 1.79 billion PLA tokens after stealing private keys, resulting in a loss of $32.4 million.
Third on CertiK’s February incident list was decentralized exchange FixedFloat, which lost nearly $26 million in Bitcoin and Ethereum to a hack, followed by Jihoz.Ron and Seneca, which lost $9.7 million and $6.5 million, respectively.
Losses to get rid of fraud amount to $62.54 million since the beginning of the year.
Meanwhile, losses from flash loan attacks in February were $138,000, compared to a staggering $15.3 million in January, bringing the year-to-date (YTD) total losses to $15.409 million.
The top five flash loan attacks were BurnsDefi, with a loss 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.
Losses so far this year total more than $343.5 million through 2024. #CertiK #诈骗