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

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

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Tracy D'souza cointelegraph

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Apr 1, 2025 0 min read

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Originally published at cointelegraph

In March 2024, losses from crypto exploits and scams fell to $28.8 million, a sharp decline from February’s $94.7 million. This drop follows a surge in February due to major security breaches. The largest incident in March was a $7.8 million exploit of the Munchables NFT project. Other notable hacks targeted DeFi platforms, but overall, improved security measures and heightened awareness helped reduce losses. Rug pulls and phishing scams persisted but at lower scales. The trend suggests growing resilience in the crypto industry, though continuous vigilance remains necessary to counter evolving cyber threats and fraudulent schemes.

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Original article: cointelegraph

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

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

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