Crypto Losses Hit $1.53B In February, Driven By $1.4B Bybit Hack: CertiK

The cryptocurrency sector experienced significant losses in February, totaling nearly $1.53 billion due to scams, exploits, and hacks. The largest hack was the $1.4 billion attack on Bybit, attributed to North Korea’s Lazarus Group. This marked the biggest crypto heist in history.

Following the Bybit breach, the FBI confirmed North Korean involvement and the dispersal of stolen funds across various blockchain addresses. Other significant incidents in February included a $49 million theft from Infini and a $10 million hack on ZkLend.

Security vulnerabilities such as wallet compromises and admin privilege exploits were identified as leading causes of losses last month. Experts warn of a potential resurgence in large-scale crypto exploits in 2025 due to rising cyber threats.

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