Total losses to the Web3 ecosystem due to hacking attacks, phishing scams and Rug Pulls in February reached US$422 million

According to Beosin KYT Anti-Money Laundering Analysis Platform, a blockchain security audit company, as reported by Jinse Finance, the amount of losses from various security incidents increased significantly in February 2024 compared to January. In February 2024, there were more than 19 typical security incidents, resulting in a total loss of $422 million due to hacker attacks, phishing scams, and Rug Pulls, an increase of approximately 102% from January. Among them, the amount of attack incidents was about $347 million, an increase of approximately 110%; phishing and fraud incidents were about $16.08 million, a decrease of approximately 52%; and Rug Pull incidents were about $59.38 million, an increase of approximately 440%. The largest attack incident in February was the attack on the encrypted gaming platform PlayDapp due to private key leakage, resulting in a loss of $290 million, which is also the highest security incident loss this year. Other incidents with losses exceeding tens of millions of dollars include: the centralized exchange FixedFloat was attacked, resulting in a loss of $26.1 million; and Axie Infinity co-founder Jihoz.ron's personal address suffered a loss of approximately $10 million due to private key leakage. In addition, the Hong Kong exchange Bitforex suspected a Rug Pull, with an abnormal outflow of $56.5 million from its hot wallet.