In March, crypto industry projects lost assets worth $187 million as a result of hacks. The indicator decreased by 48% compared to the previous month, according to PeckShield.
#PeckShieldAlert March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered.
This marks a decrease of ~48% from February 2024.#Top5 hacks:#Munchables (#Juice affected): $97 million (recovered)#CurioNetwork: $40… pic.twitter.com/u3zejt9Ygn
In total, experts recorded 30 incidents during the period. The largest of them was the exploit of the Munchables gaming Web3 platform based on Ethereum, a second-level Blast solution with a damage of $97 million.
Eventually, the founder of the NFT marketplace Blur and the L2 network under the nickname Packman reported that the hacker returned the funds without any conditions.
PeckShield experts estimated the losses of the Curio DeFi project from the hacker attack at $40 million.
The attacker issued 1 billion CGT management tokens. Cyvers Alerts estimated the cost of its "extraction" at $16 million.
The third in terms of stolen assets was the hacking of the Prisma Finance liquid staking platform in the amount of at least $11.6 million. PeckShield specialists were among the first to signal the attack.
As a result, the hacker initiated a correspondence with the DeFi protocol team about a possible refund. However, he posed a number of questions to the developers and stated that he had not received answers to them.
https://forklog.com/news/haker-nazval-belym-vzlom-prisma-na-11-mln-no-sredstva-poka-ne-vernulOn March 15, the Binance-supported NFPrompt platform reported a hack. According to PeckShield, the project's losses amounted to ~ $10 million.
The top 5 incidents in a month were closed by the exploit of the swap service of the decentralized WOOFi exchange in the L2 network of the Arbitrum. The hacker borrowed approximately 7.7 million WOO tokens and other assets through flash loans. After repayment of the loans, his profit amounted to approximately $8.75 million.
During the month, the affected projects managed to recover a total of $98.8 million of stolen assets.
According to Immunefi, in the first quarter, as a result of fraud and hacker attacks, the damage to the crypto industry reached $336 million. 100% of the losses are related to the DeFi sector.
Recall that by the end of 2023, Immunefi estimated the industry's losses at $1.8 billion. PeckShield experts named a noticeably large amount — $2.61 billion.