Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm CertiK.
The Feb. 21 attack on Bybit by North Korea’s Lazarus Group was the largest crypto hack ever, more than doubling the $650 million Ronin bridge hack in March 2022, “which was also conducted by Lazarus,” CertiK said in a Feb. 28 X post.
February’s lost crypto amount is a nearly 1,500% jump from the $98 million recorded by CertiK in January. However, excluding Bybit’s losses, the remaining crypto losses last month totaled over $126 million, still a 28.5% jump.
Bybit had the largest loss in February, followed by stablecoin payment firm Infini and then the decentralized money lending protocol ZkLend. Source: CertiK
Bybit said that the attackers took control of a storage wallet. The FBI later confirmed industry reports that North Korea…
