Crypto Market Losses from Hacks Drop to 11-Month Low

Crypto losses from hacks hit an 11-month low in February, totaling $26.5 million.

In February, losses from hacker attacks in the crypto industry amounted to $26.5 million, marking the lowest monthly figure since March 2025, according to PeckShield.

#PeckShieldAlert In Feb. 2026, the crypto space saw 15 main hacks totaling $26.5M, representing a 98.2% YoY decrease compared to Feb. 2025 ($1.5B, including the $1.4B #Bybit drain) and a notable 69.2% MoM decrease from Jan. 2026 ($86.01M in losses).#Top5 Hacks :… pic.twitter.com/Svp7SZWp5w

— PeckShieldAlert (@PeckShieldAlert) March 1, 2026

Analysts recorded only 15 incidents. The majority of the stolen funds were due to two major attacks on February 21:

• YieldBlox: attackers targeted a lending pool managed by a DAO, extracting $10 million;
• IoTeX: hackers compromised private keys of a decentralized protocol, stealing $8.9 million in assets.

The top five also included attacks on CrossCurve ($4.9 million), Foom Cash ($2.2 million), and Moonwell ($1.8 million). The total loss for February was 69.2% lower than January’s figure of $86 million.

PeckShield attributed the lull to market volatility. A correction of Bitcoin below $70,000 at the beginning of the month shifted players’ focus from seeking protocol vulnerabilities to managing liquidity and risks.

Statistics from CertiK

Data from CertiK analysts differ slightly: they estimate the total damage from hacks and fraudulent schemes in February reached $37.7 million.

#CertiKStatsAlert 🚨

Combining all the incidents in February we’ve confirmed ~$35.7M lost to exploits with ~$8.5M of the total attributed to phishing.

This figure is the lowest monthly loss since March 2025.

More details below 👇 pic.twitter.com/7McXeoH3BR

— CertiK Alert (@CertiKAlert) February 28, 2026

The most common method of theft was wallet compromise — $16.6 million. Token price manipulation ranked second ($11.4 million), followed by phishing ($8.5 million). Code vulnerabilities and exit scams resulted in losses of $5 million and $2.1 million, respectively.

Back in 2025, hackers stole $2.9 billion in cryptocurrencies, according to TRM Labs.