Crypto Exploits Cause $49 Million in Losses in February

Blockchain analytics firm Nominis reports that crypto-related exploits resulted in approximately $49 million in losses in February, a significant decrease from the $385 million recorded in January. According to NS3.AI, attackers have increasingly focused on phishing and malicious wallet approval scams, primarily targeting individual users rather than protocols or exchanges. Separate data from PeckShield and Chainalysis suggest that while overall crypto security is improving, substantial hacks and scams continue to contribute to significant annual losses.