Losses in the crypto industry reached $67 million in February due to twelve incidents, with hacks accounting for 97.54% of stolen funds, according to Immunefi’s latest crypto losses report.
Meanwhile, the remaining 2.46% of stolen money was lost due to fraud.
Despite the significant losses during the month, there was a notable decline compared to January 2024, indicating possible improvements in security measures or increased vigilance within the crypto community, the report said.
February figures
Crypto gaming platform PlayDapp and decentralized exchange FixedFloat accounted for the bulk of the losses at $32.35 million and $26.1 million, respectively. Duelbits, an online casino with crypto features, lost $4.6 million.
Together, these losses accounted for $63.05 million of February’s total losses of $67.07 million. The remaining losses were spread across different platforms, with only RiskOnBlast and Blueberry Protocol losing more than $1 million.
According to the report, Ethereum was the most targeted chain with twelve attacks, while projects on BNB Chain and Bitcoin each suffered one attack during the month.
All incidents targeted DeFi platforms and services, while CeFi did not suffer any losses.
Annual losses of $200 million
Crypto losses in February fell by 50% compared to the $133 million lost in January due to various incidents.
Combined losses for the year now amount to $200 million – up 15.4% compared to the same period a year ago.
Immunefi’s January and February reports omitted certain attacks, including a $6.4 million attack on Seneca, a $6.2 million attack on LastPass users, a $6.5 million attack on the MIM stablecoin, and , most notably, a $112 million attack on Ripple co-founder Chris Larsen. personal wallet.
If included, these hacks would bring the total amount lost to $198.1 million in February and $398.1 million annually.
