The Crypto Industry Lost $52 Million to Hackers in March, PeckShield Report
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$52M stolen in March across 20 crypto hacks, a 96% increase vs February's $26.5M (January was $86M); key metric for market security risk. PeckShield flags a new trend of ripple effects that follow initial exploits, increasing systemic risk for DeFi protocols and CEXs. Recovery rates remain low, amplifying financial losses and pressuring security audits, insurers and token holders.
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- Crypto cyberattacks surged to $52 million in March, a 96% increase from February.
- PeckShield noticed a new trend involving ripple effects that trail initial cyberattacks.
- Recovery rate remains low despite increasing losses from cryptocurrency exploits.
Cyberattacks in the crypto space surged significantly in March, with hackers stealing $52 million across 20 incidents. The figure marks a 96% increase from February’s $26.5 million, signaling renewed activity from attackers after a temporary slowdown.
Crypto Hack Volume Surge 96% in March
According to PeckShield, hackers stole $52 million in 20 major hacks in March, a 96% increase from February’s total of $26.5 million. The drop in February is sandwiched between two relatively high-incident months, considering hackers stole $86 million from crypto projects last January.
Meanwhile, the ResolvLabs decentraliz…
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