Last month, more than 30 cryptocurrency hacks occurred, a decrease from the previous month.
More than $187 million was reportedly lost due to cryptocurrency hacks in March, with nearly $99 million recovered. infographic It is a product of blockchain security company PeckShield. “This represents a decrease of approximately 48% compared to February 2024,” it noted.
One of the most high-profile hacks last month was that of Blast-based gaming platform Munchables, which saw $62 million in Ethereum returned to its multisig wallet after an exploit.
Another significant attack occurred in the Curio ecosystem, a project that aims to help businesses secure liquidity in real-world assets, resulting in losses of $16 million. The exploit stemmed from a privileged access logic vulnerability and effectively allowed the attacker to mint an additional 1 billion CGT tokens.
Meanwhile, Prisma Finance recently lost $11 million due to a flash loan attack. One of the wallets linked to the attack claimed to be a white hacker and expressed interest in returning the funds to the protocol, demanding that the project team hold an online press conference to publicly identify themselves and apologize to users.
WOOFi also reported an $8.75 million exploit in an Arbitrum-based swap service earlier this month. The team offered the attackers a 10% white hat bounty in exchange for returning the funds.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.