Crypto exploit, scam losses drop to $28.8M in March after February spike
Losses to crypto scams, exploits, and hacks dropped to just $28.8 million in March, far from February’s spike to $1.5 billion in losses after the Bybit hack.
Code vulnerabilities accounted for the most losses, at over $14 million, while wallet compromises were used to steal over $8 million, blockchain security firm CertiK said in an April 1 post to X.
The most significant loss for the month was the $13 million March 25 smart contract exploit of the decentralized lending protocol Abracadabra.money.
After accounting for returned funds, a total of $28.8 million was stolen through exploits, hacks and scams in March. Source: CertiK
In a separate March 27 report, the blockchain security firm said, “The attacker was able to borrow funds,…
