Crypto Market Sees Decrease in Losses Due to Hacks in March

by Giorgi Kostiuk

2 years ago

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Polymarkets Surpasses $4 Billion in Total Volume with Chainlink Integration

Polymarkets' five-minute and fifteen-minute crypto markets have surpassed $4 billion in total trading volume, with over $200 million generated in the first week of trading.

Maria Fernandez2 hours ago

Zcash Surges Past Resistance Level, Analyst Predicts Bullish Trend

Zcash (ZEC) has surged past the resistance level of a Descending Triangle pattern, indicating a potential bullish trend.

Gustavo Mendoza2 hours ago

Solana Price Faces Downward Correction After Failing to Maintain Above 85

Solana's price has dipped below 85, entering a short-term bearish zone, while showing signs of potential consolidation.

Rajesh Kumar3 hours ago

US Treasury Launches Cybersecurity Initiative for Crypto Industry

The US Department of the Treasury has announced a new initiative aimed at enhancing cybersecurity measures for digital asset firms.

Miguel Rodriguez3 hours ago

Adam Back Responds to Bitcoin Creator Speculations

Cryptographer Adam Back clarifies his tweet 'We Are All Satoshi', denying claims of being Bitcoin's creator and emphasizing the importance of anonymity in the cryptocurrency space.