In a significant surge of cybercrime within the cryptocurrency sector, February 2024 witnessed a staggering amount of financial losses due to various forms of digital asset theft. Crypto liquidations soared past $750 million in a 24-hour period, highlighting the volatility and risk associated with the market. Additionally, a comprehensive report revealed that approximately $160 million was lost to exploits, hacks, and scams throughout the month, marking a slight decrease from January's figures. Notably, phishing, exit scams, and exploits were among the top methods employed by cybercriminals, with phishing alone accounting for about $14.6 million in losses. A shocking revelation tied Tether, a prominent stablecoin issuer, to enabling approximately $75 billion in global victims' losses through the pig-butchering scam, implicating the involvement of criminal organizations in the fraud. Furthermore, hackers managed to steal around $104.73 million across over 20 attacks, indicating a month-over-month decrease of 42% compared to January. Despite these alarming figures, approximately 6.4% of the stolen funds were successfully returned to victims, totaling around $6.7 million. The incidents underscore the persistent security challenges and the high stakes of participating in the cryptocurrency market. In total, the cybersecurity incidents in February 2024 resulted in nearly half a billion dollars in losses across 32 specific incidents, with estimates reaching as high as $404 million in losses due to smart contract hacks, rug pulls/scams, and key compromises.