PeckShield, a blockchain security company, managed to recover a significant amount of cryptocurrency that was stolen in various cyberattacks. Hackers took around $187 million in digital assets in March across more than 30 incidents. Remarkably, PeckShield was able to regain $98.8 million, exceeding half of the lost funds.
High-Profile Hacks and Responses
The Munchables, a well-known non-fungible token (NFT) game, faced significant losses during a breach, initially losing an estimated $62 million. The project later revealed an internal perpetrator, a rogue developer, who voluntarily returned the stolen funds. The Blast network game's community, led by creator Pacman, recovered $97 million in compromised cryptocurrency.
Other notable incidents included attacks on Curio, Prisma Finance, NFPrompt, and WOOFi, all suffering substantial losses. Curio's breach led to nearly a $40 million loss, ranking it as the second-largest financial hit after Munchables.
Flickers of Hope in the Aftermath of Crypto Heists
Prisma Finance is in discussions with an alleged white-hat hacker who admits to a $11 million theft, potentially resulting in the recovery of the stolen assets. The decentralized protocol promptly ceased operations to evaluate the breach.
Inferences from This Article
- PeckShield successfully retrieved over 50% of the stolen crypto assets from March.
- An internal developer was responsible for the Munchables hack, highlighting the significance of managing insider threats.
- Ongoing negotiations with hackers offer hope for asset recovery post-theft.
These incidents underscore the ongoing threats in the crypto space, demonstrating both the vulnerabilities of emerging digital platforms and the effectiveness of security firms in mitigating cyberattack aftermath.
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