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
Dogecoin Speculated to Join X's Payment Ecosystem Amid Price Challenges
Speculation about Dogecoin's potential role in X's payment ecosystem has emerged, but its price remains around 0.09.
Shiba Inu Achieves Major Burn Milestone Amidst Price Struggles
Shiba Inu's network has achieved over 20,000 burn transactions, aiming to reduce its circulating supply. Despite this significant milestone, the price of Shiba Inu continues to trend downward.
Ripple's Legal Battle with SEC Concludes, Opening Doors for XRP Investors
Ripple's long-standing legal issues with the SEC have been resolved, leading to potential investment opportunities for XRP.
XRP Faces Resistance at Critical Price Level
XRP token struggles to break past the 140150 price level, experiencing significant dips in value.
Vercel Faces Security Breach Linked to AI-Assisted Hacking Group
Vercel has reported a significant security incident leading to the exposure of customer credentials, believed to be caused by a sophisticated AI-assisted hacking group.
Concerns Rise Over Security Risks in AI Tools Following Vercel Breach
Concerns rise over security risks in AI tools following Vercel breach.
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