In February, cybercriminals successfully executed more than 20 attacks, resulting in the unauthorize
In February, cybercriminals made off with more than $104 million in cryptocurrency, marking a 42% decrease compared to the previous month. According to insights from PeckShield, a total of 20 attacks targeted decentralized protocols during February. The most notable breach occurred at PlayDapp, resulting in a significant loss of $36 million in cryptClose behind, the crypto trading platform FixedFloat experienced losses totaling $25.8 million, while Ronin and Axie Infinity co-founder Jeff “Jihoz” Zirlin faced the third-largest incident, losing $9.7 million. PeckShield highlighted that about 6.5% of the stolen funds, approximately $6.7 million, have been successfully recovered.Data reveals that hackers typically funneled the pilfered cryptocurrency through the sanctioned crypto mixer Tornado Cash, followed by the exchange protocol eXch and the Bitcoin blockchain. While the exact scope of criminal activity in February remains challenging to ascertain due to underreported incidents, these figures show an increase compared to February 2023 when the market incurred losses of $30.6 million due to hacker attacks, according to DefiLlama data.#BTC #sol #TrendingTopic #Portal #Write2Earn