According to blockchain security company PeckShield, financial losses due to crypto thefts have increased significantly over the past month.
In a new post on the social media platform X, PeckShield say Hackers stole approximately $360.83 million worth of crypto assets in February, up from just $182.54 million in January.
Crypto gaming platform PlayDapp (PLA) is responsible for the lion’s share of the stolen funds $290 million in losses due to two security breaches. PlayDapp tried to get the money back by offering a $1 million white hat reward, but the hackers opted to launder the money, according to blockchain analytics firm Elliptic.
Automated crypto exchange FixedFloat comes in second with $25.85 million in losses.
Jeff “Jihoz” Zirlin, the founder of blockchain-based game Axie Infinity (AXS) and gaming-centric Ethereum (ETH) sidechain Ronin (RON), takes third place. He say the breach – which drained $9.7 million worth of crypto assets from his wallet – only affected his personal accounts.
“Two of my addresses have been compromised. The attack is limited to my personal accounts and has nothing to do with the validation or operation of the Ronin chain.
Furthermore, the leaked keys have nothing to do with Sky Mavis’ activities. I would like to assure everyone that we have taken strict safety measures for all chain-related activities.”
Meanwhile, layer-1 blockchain Shido (SHIDO) and stablecoin protocol Seneca (SEN) suffered losses of $7.3 million and $6.9 million, respectively.
PeckShield says only a small percentage of the stolen property has been recovered.
“Hackers stole ~$360.83 million through more than 21 attacks in February 2024, marking a month-over-month increase of 97.6% compared to January 2024. Additionally, ~1.8% of stolen funds were returned , which amounts to a total of ~$6.7 million.”
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Generated image: Midjourney