Crypto losses surge 20x in February to over $1.5b, data shows

February 2025 experienced $ 1.53 billion in cryptographic losses, an increase of 18 times compared to a year ago, widely driven by bybit of $ 1.46 billion.

Crypto hacks drained $ 1.53 billion in February 2025, a jump of 18x compared to last year, most of them from $ 1.46 billion Go through hack. This pushed the total losses for the year to $ 1.6 billion, already exceeding 2024, according to Immunefi.

In a research reportImmunefi explained that most of the February losses came from two incidents: Crypto Exchange bybit, which lost $ 1.46 billion, and Stablecoin Bank Infini, which suffer A hacking of $ 49.5 million. The remaining losses were spread over seven smaller attacks, with Zklend and ion money losing $ 9.5 million and $ 8.6 million respectively.

“In February 2025, CEFI represented 95.5% of the total losses with a single incident, while Defi, which experienced 8 cases, represented the remaining 4.5% of the total volume of lost funds.”

Immunfi

The losses in February jumped 20x compared to $ 73.9 million in January, showing the growing impact of security violations. Centralized financing platforms represented 95.5% of total losses due to a single major attack, while decentralized financing protocols only experienced eight incidents, representing 4.5% of losses.

According to Immunefi, Hacks “continued to be the predominant cause of losses in relation to fraud”.

“In February 2025, the hacks continued to be the predominant cause of losses in relation to fraud, representing 100% of total losses.”

Immunfi

The most targeted blockchains were BNB chain And Ethereumwhich has undergone four attacks each, representing 72.8% of the total losses. The other affected chains included the summary, the mode and the optimism, each struck by a single attack, show the data.

Like crypto.News reported Earlier, the Bybit striker has already whitened more than 266,300 ETH (around $ 614 million) in the last five days, with an average of 48,420 ETH per day. At this rate, the remaining 233,086 ETH could be completely bleached in the other five days.