The latest data from blockchain security firm Certik indicates a substantial decrease in funds lost due to crypto hacks and exploits. February 2026 saw a total loss of approximately $37.7 million, marking the lowest monthly figure since March 2025. Incidents of wallet compromises led to the losses, at $16.6 million, overshadowing phishing attempts and DeFi protocol exploits.
DeFi protocols were the most affected, with $14.4 million in lost funds, despite widespread security improvements. AI-related projects also saw significant losses of around $8.9 million. Fortunately, thanks to rapid response and cooperation within the crypto community, about 30% of the stolen funds were successfully frozen or recovered.
Several high-profile incidents, including the YieldBlox and IoTeX exploits, accounted for a notable portion of the losses. Despite a constant threat from such attacks, the downturn in losses could signal an increase in security measures taken by crypto entities, investors becoming more cautious, or hackers finding it harder to capitalize on their malicious activities due to technological advancements in defense mechanisms.
