CertiK: Cryptocurrency industry losses in February reached nearly $1.53 billion, a record high

Odaily Planet Daily News According to a report by blockchain security company CertiK, the losses caused by cryptocurrency scams, vulnerabilities and hacking in February were close to $1.53 billion, of which the Bybit hacking incident initiated by the North Korean Lazarus Group accounted for most of the losses. The attack on February 21 became the largest crypto hacking incident in history, with losses exceeding $1.4 billion, far exceeding the $650 million Ronin bridge hacking incident in March 2022. If Bybit's losses are not counted, the remaining losses are still more than $126 million, an increase of 28.5% from $98 million in January. Bybit said that the attackers controlled a storage wallet, which was later confirmed by the FBI to be led by the North Korean Lazarus Group, and began to disperse the stolen cryptocurrency to thousands of addresses on multiple blockchains. The second largest incident in February occurred on February 24, when the stablecoin payment company Infini was hacked and lost $49 million. CertiK reported that Infini's key wallet played a role in the attack. The wallet had administrator privileges when developing the Infini contract, which became the key to the vulnerability. In addition, the decentralized lending protocol ZkLend also suffered the third largest attack in February, with hackers stealing $10 million on February 12. Overall, CertiK pointed out that the largest type of loss in February came from wallet vulnerabilities, followed by code vulnerabilities and phishing attacks.