Monetary losses from crypto thefts considerably elevated final month, in accordance with blockchain safety agency PeckShield.
In a brand new submit on the social media platform X, PeckShield says hackers stole round $360.83 million value of crypto property in February, up from simply $182.54 million in January.
Crypto gaming platform PlayDapp (PLA) accounts for the lion’s share of the stolen funds with $290 million in losses from two safety breaches. PlayDapp tried to recuperate the funds by providing a $1 million white hat reward however the hackers selected to launder the cash, in accordance with blockchain analytics agency Elliptic.
The automated crypto alternate FixedFloat is available in second with $25.85 million in losses.
Jeff “Jihoz” Zirlin, the founding father of the blockchain-based sport Axie Infinity (AXS) and gaming-centric Ethereum (ETH) sidechain Ronin (RON), takes the third spot. He says the breach – which drained $9.7 million value of crypto property from his wallets – solely affected his private accounts.
“Two of my addresses have been compromised. The assault is proscribed to my private accounts, and has nothing to do with validation or operations of the Ronin chain.
Moreover, the leaked keys don’t have anything to do with Sky Mavis operations. I wish to guarantee everybody that we’ve strict safety measures in place for all chain-related actions.”
In the meantime, layer-1 blockchain Shido (SHIDO) and stablecoin protocol Seneca (SEN) suffered losses of $7.3 million and $6.9 million, respectively.
PeckShield says solely a small proportion of the stolen property have been recovered.
“Hackers stole ~$360.83 million throughout over 21 assaults in February 2024, marking a month-on-month improve of 97.6% in comparison with January 2024. Moreover, ~1.8% of the stolen funds have been returned, totaling ~$6.7 million.”
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