Crypto-related hacks and scams cooled significantly in February, with total losses hitting just $26.5 million — the lowest monthly figure since March 2025, according to PeckShield. The figure marks a sharp 69.2% drop from January’s $86 million in losses, signaling a potential slowdown in major exploit activity.

Out of 15 reported incidents, two accounted for the bulk of the damage. The largest was a $10 million price manipulation attack targeting YieldBlox’s DAO-managed lending pool, while decentralized identity protocol IoTeX suffered an $8.9 million private key exploit. Notably, February avoided “mega-hacks” like the $1.5 billion breach of Bybit in 2025, helping keep total losses comparatively low.