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Crypto Hack Feb Breakdown: Unpacking a $1.53B Month of Losses

  • The cryptocurrency sector experienced its largest hack in history, with the Bybit hack resulting in a loss of around $1.4 billion.
  • In February, the total losses from crypto hacks reached approximately $1.53 billion, a significant increase compared to January.
  • The Bybit hack, orchestrated by the Lazarus Group, a North Korean hacking group, accounted for the majority of the losses.
  • Other major hacks in February included the Infini hack, resulting in a loss of nearly $49 million, and the ZkLend hack, which led to a loss of $10 million.

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