Crypto security incidents caused roughly $37.7 million in losses in February 2026, according to the report cited in the source material. YieldBlox posted the largest single hit at $10.6 million, while IoTeX lost close to $8.9 million. Other affected projects, including Foom, Ploutos, and CrossCurve, each recorded losses ranging from about $1.4 million to $2.3 million.
Wallet compromises and market manipulation drove most of the losses
CertiK said wallet compromises accounted for more than $16.6 million in total losses during the month, making them the biggest source of damage. Price manipulation added about $11.4 million, phishing attacks cost roughly $8.6 million, code vulnerabilities led to around $5.1 million in losses, and exit scams contributed another $2.1 million.
By sector, DeFi platforms absorbed the largest share at about $14.4 million. AI-focused projects lost nearly $8.9 million. Gambling platforms, poisoning schemes, and wallet drainer attacks also added smaller amounts to the monthly total. The report also said about $11.3 million in stolen or compromised funds had been recovered or frozen.
Mt. Gox recovery idea revives debate over Bitcoin ledger changes
Separate from the February exploit tally, former Mt. Gox CEO Mark Karpelès proposed a hard fork on the Bitcoin network to recover 79,956 BTC held in the “1Feex” address. The funds, tied to the 2011 hack, were valued in the source at more than $5.2 billion. They have remained untouched, with the report saying the private keys are likely lost.
The proposal would allow Japanese courts to monitor the funds. Critics argue that altering the ledger sets a dangerous precedent. Supporters describe it as an exceptional response to a clearly identified theft. The dispute centers on a core question for Bitcoin: whether legal intervention in a case like this can coexist with the network’s immutability principle.