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
Crypto Industry Faces Job Cuts as AI Adoption Accelerates
Major crypto firms are downsizing their workforce due to AI adoption, with significant job cuts reported across the industry.
Egrag Crypto Predicts Bullish Surge for XRP
Prominent market analyst Egrag Crypto predicts a potential price surge for XRP to $22, based on a bullish W pattern in the market.
Concerns Rise Over Bitcoin's Correlation with SP 500
Market analyst Tony Severino warns of potential Bitcoin downturn due to correlation with the SP 500.
Impact of US Midterm Elections on Bitcoin Price
Analysis of Bitcoin's performance during US midterm elections and its potential impact on price.
Bitcoin Price Recovery Amid Geopolitical Tensions
Bitcoin has been on a steady recovery journey over the past few weeks, with several attempts at a sustained break above the 74,000 level, despite ongoing geopolitical tensions.
Solana Faces Mixed Signals as Price Tightens
Solana's price is showing mixed signals as it tightens beneath key resistance levels, with early signs of momentum weakness emerging.
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