February crypto losses hit lowest level since March 2025, says PeckShield

CoinTelegraph

by Stephen Katte

March 2, 2026

AI-Generated Deep Dive Summary

February saw crypto losses drop to their lowest level in over a year, marking a significant improvement from previous months. According to blockchain security firm PeckShield, the total losses from hacks and scams in February amounted to $26.5 million, the lowest monthly figure since March 2023. This decline is attributed to factors such as fewer large-scale hack incidents, increased market volatility, and stricter risk management measures. Compared to January’s record-breaking $86 million in losses, February’s total represents a 69.2% decrease, signaling a potential shift toward greater security and stability in the crypto space. The month was marked by two major incidents that accounted for most of the losses. On February 21, YieldBlox’s decentralized autonomous organization (DAO)-managed lending pool suffered a $10 million theft through a price manipulation attack. The same day, IoTeX, a decentralized identity protocol, lost approximately $8.9 million due to a private key exploit. Despite these significant breaches, the overall reduction in losses suggests that smaller attacks and improved security protocols may be contributing to the downward trend. This development is particularly noteworthy for crypto enthusiasts and investors, as it indicates progress in mitigating risks within the blockchain ecosystem. While large-scale hacks remain concerning, the decrease in overall losses highlights the potential for stronger risk controls and a more cautious approach among

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Originally published on CoinTelegraph on 3/2/2026