In February, hackers carried out 21 successful attacks on decentralized protocols, with the most significant breach hitting PlayDapp, resulting in a loss of $36 million in cryptocurrency.
In February, cybercriminals made off with over $360.83 million in cryptocurrency, representing a 97.6% drop from the previous month’s figures.
FixedFloat, a crypto trading platform, suffered losses of $25.8 million, while Jeff “Jihoz” Zirlin, co-founder of Ronin and Axie Infinity, experienced the third-largest incident of the month, losing $9.7 million.
PeckShield reported that about 1.8% of the stolen funds, approximately $6.7 million, have been returned.
Statistics show that hackers commonly moved the pilfered cryptocurrency through the sanctioned crypto mixer Tornado Cash, then onto the exchange protocol eXch and the Bitcoin blockchain.
Though the precise scale of illicit activities in February is difficult to ascertain since victims often refrain from reporting such incidents, the most recent data reveals a rise compared to February 2023. During that period, DeFiLlama data indicates that the market suffered losses totaling $30.6 million due to hacker breaches.
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