Crypto exploits experienced a significant decline in February, with losses plummeting to $35.7 million across the ecosystem. This marked a 90% decrease from January's staggering losses and represents the quietest month for crypto security since March 2025.
The figures also indicate a substantial year-over-year contraction. Last year's February was dominated by a historic $1.5 billion exploit on the Bybit exchange, which heavily skewed annual security metrics.
Despite the broader market slowdown in illicit activity, targeted attacks still drained millions from decentralized finance protocols. The single largest crypto exploit incident occurred on February 22 on the Stellar network, where a hacker exploited the community-managed YieldBlox Blend pool, stealing over $10 million through an oracle manipulation attack.