Crypto Thieves Pivot To Phishing As Protocol Hacks Decline In February

Bybit blocked more than $300 million in unauthorized withdrawals during the final quarter of last year — a figure that puts February’s total crypto theft losses in sharp relief. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains According to security firm Nominis, close to $50 million was stolen across the entire crypto industry last month, a fraction of what Bybit alone says it turned away in just three months. Attackers Home In On Human Error The drop from January’s $385 million in losses might look like progress, but security researchers say the more significant story is where the attacks are coming from. Social engineering — scams that trick people into handing over access — caused more cumulative damage in February than traditional software exploits did source: https://www.newsbtc.com/news/crypto-thieves-pivot-to-phishing-as-protocol-hacks-decline-in-february/