Crypto hacks fall to $49M in February as attackers shift to phishing scams

Cryptocurrency losses from exploits plummeted by 87% in February 2026, totaling just $49 million compared to January’s $385 million. However, security experts warn of a tactical shift, as attackers move away from complex code exploits toward social engineering and "authorization abuse," where victims are tricked into signing away wallet permissions via phishing and address poisoning.