In February, losses from hacking incidents in the crypto industry totaled $26.5 million, marking the lowest monthly figure since March 2025, according to PeckShield.

#PeckShieldAlert In Feb. 2026, the crypto space saw 15 major hacks totaling $26.5M, a 98.2% year-over-year decrease compared to February 2025 ($1.5B, including the $1.4B #Bybit drain) and a significant 69.2% month-over-month decline from January 2026 ($86.01M in losses).#Top5 Hacks:… pic.twitter.com/Svp7SZWp5w

— PeckShieldAlert (@PeckShieldAlert) March 1, 2026

Analysts recorded a total of 15 incidents. The majority of stolen funds came from two major attacks on February 21:

  • YieldBlox: attackers targeted a lending pool managed by a DAO and stole $10 million;
  • IoTeX: hackers compromised private keys of a decentralized protocol, stealing assets worth $8.9 million.

Other significant attacks included CrossCurve ($4.9 million), Foom Cash ($2.2 million), and Moonwell ($1.8 million). The total losses for February were 69.2% lower than January's figure of $86 million.

PeckShield attributed the decline to market volatility. Bitcoin's correction below $70,000 at the beginning of the month shifted players' focus from seeking vulnerabilities in protocols to managing liquidity and risks.

CertiK Statistics

Data from CertiK analysts presents a slightly different picture: they estimate the total damage from hacks and scams in February reached $37.7 million.

#CertiKStatsAlert 🚨

Combining all the incidents in February, we’ve confirmed ~$35.7M lost to exploits, with ~$8.5M of the total attributed to phishing.

This figure is the lowest monthly loss since March 2025.

More details below 👇 pic.twitter.com/7McXeoH3BR

— CertiK Alert (@CertiKAlert) February 28, 2026

The most common method of theft was wallet compromise, totaling $16.6 million. Price manipulation of tokens came in second ($11.4 million), followed by phishing ($8.5 million). Code vulnerabilities and exit scams accounted for losses of $5 million and $2.1 million, respectively.

For context, in 2025, hackers stole cryptocurrencies worth $2.9 billion, as reported by TRM Labs.