2024

Seneca

Request

Flash

Billion

<a href="https://bitcoinworld.co.in/crypto-sector-lost-about-160m-to-hack-exploits-and-exit-scams-in-february-certik/" title="Crypto Sector Lost About $160M To Hack, Exploits, and Exit Scams In February: CertiK" rel="noopener noreferrer nofollow"></a>
In February, the crypto sector saw losses totaling approximately $160 million due to exploits, hacks, and exit scams, <a href="https://twitter.com/CertiKAlert/status/1763176935004229907" rel="noopener noreferrer nofollow">according</a> to Certik.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/CertiKStatsAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CertiKStatsAlert</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 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… <a href="https://t.co/E15cqbeELQ" rel="noopener noreferrer nofollow">pic.twitter.com/E15cqbeELQ</a>
 — CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1763176935004229907?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a>
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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.&nbsp;
Phishing accounted for $14.6 million, while $6.4 million was successfully recovered. Flash loans incurred minimal losses at $138k.
Hong Kong-based crypto exchange BitForex topped CertiK’s chart, with its hot wallets witnessing outflows of around $56.5 million in assets a day before the platform stopped processing transactions. It went offline, and the team was unresponsive to user requests.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/lawyers-in-elon-musks-pay-case-request-6-billion-in-tesla-shares-as-legal-fees/" aria-label="“Lawyers In Elon Musk’s Pay Case Request $6 Billion In Tesla Shares As Legal Fees” (Edit)" rel="noopener noreferrer nofollow">Lawyers In Elon Musk’s Pay Case Request $6 Billion In Tesla Shares As Legal Fees</a>
Next up was the crypto gaming platform PlayDapp, which lost $32.4 million after hackers stole private keys to mint and stole over 1.79 billion PLA tokens.
FixedFloat, a decentralized exchange that lost close to $26 million worth of Bitcoin and Ether in a hack, was the third major incident in February on CertiK’s list, followed by Jihoz.Ron and Seneca with $9.7 million and $6.5 million.
Since the beginning of this year, exit scams claimed $62.54 million in losses.
Meanwhile, flash loan attacks resulted in $138k in losses throughout February as compared to a whopping $15.3 million in January, bringing total year-to-date (YTD) losses of $15.409 million.
The top five flash loan attacks were BurnsDefi with $64,000 losses, followed by ZoomerCoin, Azuma ERC 404, Synthetix, and RabbitERCX with losses of $41,120, $26,116, $3,663, and $2,756 respectively.
As of 2024, the year-to-date losses stand at more than $343.5 million.
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 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/crypto-sector-lost-about-160m-to-hack-exploits-and-exit-scams-in-february-certik/" rel="noopener noreferrer nofollow">Crypto Sector Lost About $160M To Hack, Exploits, and Exit Scams In February: CertiK</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Crypto Sector Lost About $160M To Hack, Exploits, and Exit Scams In February: CertiK

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