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Crypto Security Improves In March, Sees Sharp Drop in Exploit Losses

  • Crypto security improved in March with a sharp drop in exploit losses.
  • CertiK data revealed that crypto-related scams and hacks totaled $28.8 million in March, marking a 98% decline from the previous month.
  • Code vulnerabilities remained a major threat, leading to over $14 million in losses, while wallet compromises resulted in approximately $8 million in value stolen.
  • While some stolen funds were recovered, additional unverified losses, such as a reported case of a Coinbase user losing 400 Bitcoin ($34 million) and phishing scams causing over $46 million in losses, were not included in the reported figures.

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