More than $187 million was lost due to hacks in the crypto space in March, while nearly $99 million was recovered.
More than $187 million was lost due to hacks in the crypto space in March, while nearly $99 million was recovered, according to an infographic from blockchain security firm PeckShield. "This marks a decrease of ~48% from February 2024," it noted.
One of the most high-profile hacks last months was that of Blast-based gaming platform Munchables, which saw the return of $62 million in ether to a multisig wallet after it suffered an exploit. Another significant exploit occurred in the Curio ecosystem, a project that aims to help firms unlock liquidity from their real-world assets, when it saw $16 million lost. The exploit stemmed from a permission access logic vulnerability — effectively letting an attacker mint an additional 1 billion CGT tokens.
Meanwhile, Prisma Finance was drained of $11 million following a flash loan attack recently. One of the wallets connected to the attack claimed to be a white-hat hacker and expressed interest in returning funds to the protocol while demanding the project's team hold an online press conference, identify themselves publicly and apologize to users.
Additionally, WOOFi reported an $8.75 million exploit on its Arbitrum-based swap service near the start of the month. The team offered the attacker a 10% white hat bounty in exchange for a return of the funds.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space.
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