In February, hackers launched 21 successful attacks on decentralized protocols, the most notable of which targeted PlayDapp and resulted in a $36 million cryptocurrencycurrency loss.
In February, thieves stole about $360.83 million in bitcoin, a 97.6% decrease from the previous month’s data.
FixedFloat, a cryptocurrencycurrency trading platform, lost $25.8 million, while Jeff “Jihoz” Zirlin, co-founder of Ronin and Axie Infinity, lost $9.7 million in the month’s third-largest occurrence.
PeckShield said that approximately 1.8% of the stolen funds, or $6.7 million, had been refunded.
According to statistics, hackers frequently transported stolen cash through the sanctioned cryptocurrency mixer Tornado Cash before moving it to the exchange protocol eXch and the Bitcoin network.
Though the specific size of unlawful actions in February is difficult to determine because victims frequently hesitate from reporting such instances, the most recent figures show an increase compared to February 2023. During that time, DeFiLlama data shows that the market lost $30.6 million due to hacker breaches.
More From Crypto SA
