Crypto exploit, scam losses drop to $28.8M in March after February spike

CertiK says over $33 million was stolen for the month, but decentralized exchange aggregator 1inch successfully recovered a portion of stolen funds, dropping the total.

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.

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