February 2025 was the most destructive month in the history of crypto assets in terms of the volume of stolen funds, experts from PeckShield said. As a result of 20 hacks, the total losses reached $1.51 billion, writes Incrypted.
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What is known
This figure surpassed previous anti-records recorded during large attacks on DeFi protocols in 2022.
Cryptocurrency exchange Bybit suffered record losses, losing more than $1.43 billion in a hacker raid. The event topped the rating of the largest hacks and was a serious blow to the security of centralized platforms, analysts believe.
The top 5 incidents of February also included:
- Infini – $49.5 million; zkLend – $9.66 million; Ionic – $8.6 million; sujiYan – $4 million
What is this connected with?
Experts attribute the increase in attacks to hackers' growing interest in centralized exchanges and second-level protocols, as well as the increasing sophistication of the methods used. In particular, an increase in the number of phishing attacks, smart contract exploits, and hot wallet hacks has been noted.
Experts warn that despite active efforts to improve security, such incidents undermine confidence in the cryptocurrency industry. According to them, the events of February may lead to new requirements from regulators and increased measures to protect user assets.
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