Catenaa, Friday, March 06, 2026- Confirmed cryptocurrency hacking losses fell to $26.5 million in February, marking the lowest monthly total since March 2025, according to blockchain security firm PeckShield.
The figure represents a 98.2% decline from February 2025’s $1.5 billion in thefts, which included the $1.4 billion Bybit exchange hack, and a 69.2% drop from January’s $86 million losses.
February saw 15 distinct exploits, with the five largest accounting for $25.9 million, or more than 98% of the month’s total.
The largest breach involved YieldBlox, which lost $10 million. IoTeX’s ioTube bridge suffered $8.8 million in losses, while CrossCurve lost $3 million, FOOMCASH $2.3 million, and Moonwell $1.8 million, PeckShield reported.
Recovery efforts are ongoing. Stellar Tier-1 validators froze $7.2 million of the stolen YieldBlox funds, though the attacker rejected a 10% bounty offer.
The IoTeX Foundation announced plans to fully compensate users affected by the ioTube bridge attack, freezing 86% of the 410 million unauthorized CIOTX tokens and launching a claims portal for payouts. CrossCurve also offered a 10% whitehat bounty for fund recovery following a gateway validation exploit.
The February decline highlights continued improvements in crypto security measures, though high-profile exploits persist across lending protocols, bridges, and DeFi platforms.
Analysts say the trend underscores the value of chain-level controls, coordinated recovery efforts, and bounty programs in mitigating losses in the decentralized ecosystem.
