PeckShield's report indicates that the crypto market experienced a significant reduction in losses from hacks during March, marking a 48% decrease from February. Even though there were over 30 hacks resulting in $187.29 million in losses, $98.8 million was eventually recovered. Notably, Munchables was the most impacted project, with the majority of its value stolen and later returned. Despite this, March's losses still surpassed those of January. Overall, the first quarter of 2024 saw a 17.5% reduction in losses compared to the same period in 2023, with hacking remaining the primary method of crypto theft.
Crypto Market Sees Decrease in Losses Due to Hacks in March
by Giorgi Kostiuk
2 years ago
0
Other news
How Market Structure Influences Volatility Strategy
The article discusses the critical role of market structure in determining volatility management strategies, emphasizing the differences between Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) markets.
Exploring the Differences Between ETD and OTC Derivatives
The article explores the differences between Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) derivatives, highlighting their unique characteristics and applications in volatility management.
Abu Dhabi to Host Global Blockchain Show Week in December 2025
The VAP Group is set to host a week of blockchain innovation events in Abu Dhabi, culminating in the Global Blockchain Show from December 3 to 11, 2025.
Aave DAO Reviews Long-Term Buyback Program Proposal
Aave DAO is reviewing a proposal for a long-term buyback program, potentially allocating up to $50 million in annual revenue for AAVE token buybacks.
MoonBull MOBU Presale is Gaining Popularity.
MoonBull MOBU is gaining traction in its presale, attracting early investors with its unique tokenomics and community-driven approach.
Sui and Monero: Resilience in a Volatile Crypto Market
Sui and Monero demonstrate resilience in a volatile crypto market, with Sui's price dipping by 0.56% and Monero surging by 3.12%, reflecting strong fundamentals and investor confidence.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter