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>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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.
<blockquote>
 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.
</blockquote>
#Binance #WRITE2EARN
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

ItsBitcoinWorld

Other articles published on Mar 4, 2024

$SMOG Hits New ATH, Secures Spot On Jupiter’s Strict List, And Blasts Past 40K Holders

Charles Hoskinson Brutally Calls out Cryptocurrency Reddit for Cardano Hate

Peter Brandt turns to Bitcoin amid price corrections – Here’s why

From Dogecoin, Shiba Inu Ready To 'Go Crazy' To GOP's CBDC Legislation And A Trader Making $3.25M...

Bitcoin Soars Beyond $65,000, Catalyzing Market Optimism

What are Full Send and Ace Cash? Everything You Need to Know

Join our free newsletter for daily crypto updates!