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Crypto Theft Fell To About $50 Million In February As Phishing Surged And Protocol Hacks Slowed
Security firm Nominis reports that roughly $50 million in crypto was stolen industrywide in February, sharply below January’s $385 million and far less than the $300 million in unauthorized withdrawals Bybit says it blocked in last year’s final quarter. Researchers note that social engineering and phishing, rather than protocol exploits, caused most of February’s damage, including an estimated $30 million loss at Solana-based Step Finance, even as overall hack volumes declined.