Crypto Industry Sees Significant Decrease in Hack-Related Losses

The cryptocurrency industry has witnessed a notable decrease in losses due to hacks, with February seeing the lowest monthly total since March last year. According to PeckShield, the losses from hacker attacks reached $26.5 million, representing a substantial decline of 69.2% compared to January's figure.

Market volatility is cited as a contributing factor by PeckShield, with a correction in Bitcoin's price at the beginning of the month leading players to focus on managing liquidity and risks rather than seeking protocol vulnerabilities.