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In February 2025, losses within the cryptocurrency ecosystem surged by 20 times month-over-month compared to January 2025, according to the latest report from leading blockchain security platform Immunefi.
In January, reported losses amounted to $73,915,700. Just a month later, this figure escalated to $1,528,342,400, resulting from 9 hacking incidents.
Additionally, the February total represents an 18-fold increase from the same period the previous year. In February 2024, reported losses were $81,603,400, as found by Immunefi researchers.
Significantly, the majority of this amount stemmed from a single hack. The cryptocurrency exchange Bybit experienced a loss of $1.46 billion, marking the largest hack in the history of cryptocurrency.
This was followed by stablecoin bank Infini, which lost $49.5 million.
The top five losses also include zkLend ($9.5 million), Ionic Cash ($8.6 million), and Cardex ($400,000).
Source: Immunefi
Meanwhile, when considering the total losses year-to-date, the ecosystem has incurred $1,602,258,100 in 2025 thus far. Immunefi determined that this signifies an 8-fold increase compared to $200 million during the same timeframe last year.
Furthermore, it has already exceeded the total losses for 2024, which were $1.49 billion.
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CeFi Leads in Total Amount Lost, DeFi in Number of Hacks
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It is not surprising that hacks remain the primary cause of losses compared to fraud. In fact, hacks account for 100% of the total losses – the entire $1.5 billion across the 9 incidents.
During the same period, centralized finance (CeFi) once again outperformed decentralized finance (DeFi) in terms of total amount lost, while DeFi still leads in the number of attacks.
CeFi represented $1.46 billion or 95.5% of the total losses from a single incident (Bybit), while DeFi accounted for $68,342,400 or 4.5% across eight cases.
Source: Immunefi
At the same time, BNB Chain was the most targeted chain in February. Specifically, BNB Chain and Ethereum each suffered four individual attacks, which accounted for 72.8% of the total losses across targeted chains.
Summary, Mode, and Optimism each experienced one attack.
Meanwhile, Immunefi reports that it has disbursed over $112 million in total bounties to date, while safeguarding over $25 billion in user funds.
A few days ago, it launched Magnus, its AI-driven security orchestration platform that integrates threat intelligence and automates security operations across a protocol’s security stack.
In other words, the innovative platform consolidates security into a single interface that allows protocols to access, automate, and coordinate top-tier security tools, according to Immunefi.
You may also like ImmuneFi Founder Warns of Professional DeFi Hackers Making Hacking a Full-Time Career
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