Crypto hacks and exploits resulted in approximately $37.7 million in losses in February 2026, marking the lowest monthly figure since March 2025, according to Certik data.
Summary
- Crypto hacks totaled $37.7 million in February, the lowest since March 2025.
- Wallet compromises led to losses of $16.6 million, before phishing and exploits.
- About 30% of the stolen money was frozen or recovered in February.
Phishing attacks accounted for $8.6 million of the total, while wallet compromise led to incident categories with $16.6 million in losses.
YieldBlox topped the individual exploits with $10.6 million stolen, followed by IoTeX with $8.9 million and Foom with $2.3 million.
DeFi protocols suffered the largest losses by type: $14.4 million, while AI-related projects recorded $8.9 million in theft.
The money returned or frozen amounted to $11.3 million, representing approximately 30% of the total losses.
Portfolio compromise and price manipulation drive losses in February
Wallet compromise incidents totaled $16.6 million in February and were the largest loss category for crypto hacks.
Price manipulation attacks followed with $11.4 million in stolen funds, while phishing schemes siphoned $8.6 million from victims.
Code vulnerability exploits accounted for $5.1 million, while exit scams added $2.1 million.
Instadapp recorded the largest single incident with $10.5 million, followed by EFX with $8.9 million. Kasm recorded $2.2 million in losses, while Initia saw $2.1 million stolen.
CryptoFarm suffered two separate incidents totaling $2.7 million combined.
Smaller incidents included UCC and Hedgehog at $400,000 each, with Lending and SEI Token both posting $200,000 in losses.
DeFi protocols continued to show the highest exploitation activity with $14.4 million in losses across multiple incidents.
AI-related projects emerged as the second largest target, with a stolen value of $8.9 million. Gambling platforms lost $2.3 million, while address poisoning and wallet siphoning schemes netted a combined $2.7 million.
February sees a 60% drop in crypto hacks compared to January
February’s total of $37.7 million is a sharp decline from typical monthly figures for all of 2025.
Certificate facts shows that January and February 2026 both posted lower losses than most months of 2025.
The total number of incidents remained relatively stable month-on-month based on the graph. The reduction in overall losses is due to fewer high-value exploits rather than a reduced attack frequency.
Phishing incidents showed similar patterns in both months, with February’s $8.6 million matching January levels.
Total operating losses also fell from January’s elevated levels to $37.7 million in February.
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