{"id":14857,"date":"2024-03-04T06:58:26","date_gmt":"2024-03-04T06:58:26","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=14857"},"modified":"2024-03-04T06:58:27","modified_gmt":"2024-03-04T06:58:27","slug":"crypto-losses-hit-67-million-in-february-pushing-yearly-losses-to-200-million-immunefi","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14857","title":{"rendered":"Crypto losses hit $67 million in February, pushing yearly losses to $200 million \u2013 Immunefi"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi\u2019s latest crypto losses report.<\/p>\n<p>Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud.<\/p>\n<p>Despite the significant losses during the month, there was a notable decrease compared to January 2024, hinting at possible improvements in security measures or increased vigilance within the crypto community, the report said.<\/p>\n<h2>February numbers<\/h2>\n<p>Crypto gaming platform PlayDapp and decentralized exchange FixedFloat accounted for the majority of losses with $32.35 million and $26.1 million, respectively. Duelbits, an online casino with crypto features, lost $4.6 million.<\/p>\n<p>Together, those losses accounted for $63.05 million of February\u2019s $67.07 million total losses. The remaining losses were spread across several platforms, with only RiskOnBlast and Blueberry Protocol losing more than $1 million.<\/p>\n<p>According to the report, Ethereum was the most targeted chain with 12 attacks, while projects on BNB Chain and Bitcoin suffered one attack each during the month.<\/p>\n<p>All of the incidents targeted DeFi platforms and services, while CeFi did not experience a single loss.<\/p>\n<h2>Yearly losses at $200 million<\/h2>\n<p>Crypto losses in February fell 50% compared to the $133 million lost in January across various incidents.<\/p>\n<p>Combined losses for the year now stand at $200 million \u2014 15.4% higher compared to the same period a year ago.<\/p>\n<p>Immunefi\u2019s January and February reports omitted certain attacks, including a $6.4 million attack on Seneca, a $6.2 million attack on LastPass users, a $6.5 million attack on the MIM stablecoin, and, most notably, a $112 million attack on Ripple co-founder Chris Larsen\u2019s personal wallet.<\/p>\n<p>If included, these hacks would bring the total amount lost to $198.1 million February and $398.1 million year-to-date.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/crypto-losses-hit-67-million-in-february-pushing-yearly-losses-to-200-million-immunefi\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi\u2019s latest crypto losses report. Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud. Despite the significant losses during the month, there was a notable decrease compared to January [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-14857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14857"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14857\/revisions"}],"predecessor-version":[{"id":14859,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14857\/revisions\/14859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14858"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}