Crypto Exploit Losses Plummet by Over 90% in February

Crypto exploit losses have seen a significant drop in February, with a total of $35.7 million lost across the ecosystem. This represents a drastic month-over-month decrease from January's staggering losses and a massive year-over-year contraction.

The figures are based on data compiled by blockchain security firm CertiK, which revealed that phishing attacks remained a persistent threat, accounting for exactly $8.5 million of February's total losses. Despite the broader market slowdown in illicit activity, targeted attacks still drained millions from decentralized finance protocols.