Crypto Losses Drop Drastically to IDR634 Billion, This is Apparently the Cause!

Jakarta, Pintu News – The crypto industry recorded a significant drop in losses in February 2026, totaling only USD 37.7 million or around Rp634.67 billion (exchange rate 1 USD = Rp16,835). This is the lowest level since March 2025, when the cryptocurrency ecosystem was hit by a major multi-billion dollar incident. But behind this positive news, the frequency of attacks has increased sharply, especially on the Ethereum network.

1. Crypto Losses Fall Drastically to IDR634 Billion

February 2026 was the month with the lowest losses since March 2025. Total losses due to fraud and hacking only reached USD 37.7 million or around Rp634.67 billion. This figure is much lower than last year’s major incidents that rocked the crypto market.

For comparison, in February 2025 there was a major hack that caused USD 1.5 billion worth of Bitcoin and Ethereum (ETH) to disappear. The incident became one of the biggest thefts in cryptocurrency history. The absence of a similar event in February 2026 was a major factor in the decline in total losses.

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2. SOF and IoTeX tokens are the biggest casualties

While there were no billion-dollar incidents, some projects still suffered significant losses. SOF token recorded a loss of USD 10.5 million or around IDR 176.77 billion. Meanwhile, the IoTeX (IOTX) cross-chain bridge lost around USD 8.9 million or equivalent to IDR 149.83 billion due to a private key compromise.

In addition, the Foom, Ploutos, and CrossCurve projects suffered losses of USD 2.2 million (IDR 37.03 billion), USD 2.1 million (IDR 35.35 billion), and USD 1.4 million (IDR 23.57 billion), respectively. On-chain data shows the thefts included assets such as USD Coin and Wrapped Bitcoin . These cases prove that the risk remains even if the scale is smaller.

3. Address Poisoning Reaches 1 Million Attempts per Day

The frequency of address poisoning attacks has dramatically increased on the Ethereum (ETH) network. More than a million attempts were recorded every day, taking advantage of cheaper transaction fees after the Fusaka upgrade at the end of 2025. It involves sending zero-value transactions from a fake address that resembles the victim’s address.

Many crypto users only check the first and last few digits of an address. This habit is exploited by perpetrators to trick victims into copying the wrong address. This attack is a serious threat because it takes advantage of behavioral loopholes, not just technical weaknesses.

4. Loss Cases of IDR10 Billion to IDR842 Billion

On February 17, 2026, a trader lost USD 600,000 or around IDR 10.10 billion due to address poisoning. Earlier in December 2025, a user lost USD 50 million worth of Tether just minutes after a test transaction. This case shows the huge impact of a small error in address verification.

This kind of attack often occurs when users copy addresses from transaction history without a thorough check. Perpetrators use tools like Profanity to create very similar addresses. This risk increases with the high activity on major cryptocurrency networks.

5. Security Solutions: From Whitelisting to ENS

Security experts recommend using whitelisting features on exchanges so that funds can only be sent to approved addresses. Also, storing important addresses in a digital wallet’s address book can reduce the risk of errors. Manual verification of each address character also remains a best practice.

Some developers are testing a transaction simulation feature to display a summary of the transfer destination before final confirmation. The use of Ethereum Name Service (ENS) is also considered to help minimize address copying errors. User education and security innovations are key to making the crypto ecosystem more resilient.

Overall, February 2026 showed a paradoxical combination: the value of losses dropped dramatically, but the intensity of attacks increased. This indicates that criminals continue to adapt to the development of blockchain technology. For you investors, risk management and prudence remain the main foundations of cryptocurrency transactions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Cryptopolitan. Crypto records lowest monthly loss since March 2025. Accessed March 2, 2026.