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
Market Dynamics Favor Early-Stage Opportunities
The current market environment is shifting focus from established assets to early-stage opportunities like Apeing.
Key Factors Influencing Cardano's ADA Price by 2026
An overview of the critical factors that could affect ADA's price, including network adoption, DeFi growth, and regulatory developments.
MoonPay Expands and Welcomes New Chief Legal Officer
MoonPay announces the appointment of Caroline Pham as its chief legal officer to support its growth in the cryptocurrency market.
Ethereum Market Cap Rises Amidst Prediction Market Discussions
Ethereum (ETH) shows a market cap of $35.263 billion with a 3.21% rise in 24 hours, amidst discussions on prediction markets and potential regulatory impacts.
Extreme Fear in Crypto Market May Signal Upcoming Recovery
Extreme fear in the crypto market may signal an upcoming recovery as intense pessimism among retail investors often precedes market rebounds.
Recent Bitcoin Shark Accumulation Explained as Internal Reshuffling
A senior researcher at Glassnode explains that the recent increase in Bitcoin shark supply is likely due to internal reshuffling among large custodial entities rather than genuine accumulation.
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