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
Ethereum's Performance Under Scrutiny as Analysts Compare it to Bitcoin
Ethereum's performance is under scrutiny as analysts compare it to Bitcoin, noting weak buying interest and significant overhead liquidity.
Kraken Plans to Introduce Prediction Market by 2026.
Kraken is set to launch its own prediction market by 2026, aiming to enhance user engagement and provide new tools for crypto traders.
Lessons from Shiba Inu Shape Apeing's Strategy
Apeing draws strategic lessons from Shiba Inu's early success, focusing on timing and controlled participation to attract investors.
CZ Reveals Secret to Successful Bitcoin Buying
Changpeng Zhao shares insights on successful Bitcoin buying strategies, emphasizing the importance of purchasing during periods of fear and uncertainty rather than at market peaks.
Ethereum Faces Resistance as Investors Look to Smaller Assets
Ethereum struggles to break the $3,000 barrier, prompting investors to consider smaller crypto assets with higher growth potential.
West Main Self Storage Quietly Raises Bitcoin Holdings
West Main Self Storage has quietly increased its Bitcoin holdings by 0.114 BTC, bringing the total to 2074 BTC, reflecting a consistent accumulation strategy.
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