Crypto hacking losses fell to $26.5M in Feb, down 98.2% YoY

The cryptocurrency industry suffered approximately $26.5 million in losses from 15 hacking incidents in February 2026, according to a recent report from blockchain security firm PeckShield. This figure represents a 98.2% decrease from the same month last year and a 69.2% drop from January's $86.01 million. Cointelegraph reported that the analysis highlighted last February's staggering $1.5 billion in losses, which were dominated by a $1.4 billion theft from Bybit. The report suggests that this year's significant decline in losses, even when accounting for the absence of a single massive incident like the Bybit hack, indicates that the industry's overall security systems are strengthening.