Crypto losses from hacks dropped sharply in February 2026, but the decline masks a deeper shift in how attackers are targeting users.

According to blockchain intelligence firm, Nominis, total losses from crypto-related exploits fell to $49 million in February 2026, down significantly from $385 million recorded in January 2026. Rather than signaling improved security across the ecosystem, the report points to a strategic pivot by malicious actors from exploiting smart contract vulnerabilities to targeting human behavior.

The February 2026 data shows attackers increasingly relying on phishing campaigns, wallet poisoning, and social engineering tactics designed to exploit user error rather than flaws in code….