In February, the crypto industry saw losses totaling approximately $160 million due to exploits, hacks, and scams. The figures represented a slight dip from January despite an increase in prices.
According to the latest update by CertiK, exit scams claimed the lion’s share at $58.2 million, followed by exploits at $101 million. Phishing accounted for $14.6 million, while $6.4 million was successfully recovered. Flash loans incurred minimal losses at $138k.
#CertiKStatsAlert
Combining all the incidents in February we’ve confirmed ~$160M lost to exploits, hacks and scams
The total is a slight decrease from January with phishing accounting for ~$14.6m
Exit scams: ~$58.2m
Flash loans: ~$138k
Exploits: ~$101M
Returned: ~$6.4M… pic.twitter.com/E15cqbeELQ— CertiK Alert (@CertiKAlert) February 29, 2024
The post CertiK: Exit Scams and Exploits Led to $160M Losses in Crypto Sector in February appeared first on CryptoPotato.
In February, the crypto industry saw losses totaling approximately $160 million due to exploits, hacks, and scams. The figures represented a slight dip from January despite an increase in prices.
According to the latest update by CertiK, exit scams claimed the lion’s share at $58.2 million, followed by exploits at $101 million. Phishing accounted for $14.6 million, while $6.4 million was successfully recovered. Flash loans incurred minimal losses at $138k.
#CertiKStatsAlert
Combining all the incidents in February we’ve confirmed ~$160M lost to exploits, hacks and scams
The total is a slight decrease from January with phishing accounting for ~$14.6m
Exit scams: ~$58.2m
Flash loans: ~$138k
Exploits: ~$101M
Returned: ~$6.4M… pic.twitter.com/E15cqbeELQ— CertiK Alert (@CertiKAlert) February 29, 2024
The post CertiK: Exit Scams and Exploits Led to $160M Losses in Crypto Sector in February appeared first on CryptoPotato.