Fraudulent activities in cryptocurrencies decreased in February, with hacks down by 90%

Crypto exploits dropped by over 90% in February, with total losses reaching only $35.7 million, making this the quietest month for security incidents in the industry in nearly a year.
Despite the sharp decline, seasoned hackers continued to steal millions of dollars through targeted attacks, including a $10 million oracle manipulation on YieldBlox and a $9 million breach at IoTeX.
Cryptocurrency phishing attacks remained an ongoing issue, with losses totaling $8.5 million, driven by "drainer-as-a-service" tools that lower the barriers for malicious actors.
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