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<p class="is-style-lead">The crypto market witnessed over $187 million in losses due to hacks in March, with nearly $99 million recovered.</p>
<p>According to data revealed by <a href="https://crypto.news/tag/peckshield/" target="_blank" rel="noopener noreferrer nofollow">PeckShield</a>, March proved to be a relatively calm month for crypto investors, with losses due to hacks decreasing by nearly 50% compared to February. In <a href="https://x.com/PeckShieldAlert/status/1774701695895027920?s=20" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Apr. 1, the analysts said the market saw over 30 hacks in the crypto space, resulting in $187.29 million in losses, with $98.8 million recovered. As a result, the figure marked a decrease of 48% from February, when hackers stole over $360 million.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered. <br>This marks a decrease of ~48% from February 2024.<a href="https://twitter.com/hashtag/Top5?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Top5</a> hacks:<a href="https://twitter.com/hashtag/Munchables?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Munchables</a> (<a href="https://twitter.com/hashtag/Juice?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Juice</a> affected): $97 million (recovered)<a href="https://twitter.com/hashtag/CurioNetwork?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CurioNetwork</a>: $40… <a href="https://t.co/u3zejt9Ygn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/u3zejt9Ygn</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1774701695895027920?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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<p>You might also like: <a href="https://crypto.news/hacker-mints-cgt-curio/" rel="noopener noreferrer nofollow"> Hacker mints 1b CGT tokens worth $40m in Curio ecosystem </a></p>
<p>PeckShield’s analysis identified Munchables as the project most affected by stolen value in March. As crypto.news <a href="https://crypto.news/munchables-developer-with-ties-to-dprk-steals-then-return-62-5m-from-protocol/" target="_blank" rel="noopener noreferrer nofollow">reported</a>, a team member associated with North Korea allegedly pilfered over $60 million in crypto from the project before returning the funds after their identity was revealed.</p>
<p>Despite the decline in losses compared to February, March’s figures still exceeded those of January, during which the market encountered $182.5 million in losses, according to PeckShield.</p>
<p>Overall, the cryptocurrency industry <a href="https://crypto.news/crypto-hacking-losses-q1-2024/" target="_blank" rel="noopener noreferrer nofollow">saw a 17.5% reduction</a> in losses in the first quarter of 2024 compared to the same period in 2023. This period witnessed a total of 46 hacks and 15 fraudulent incidents. The most devastating were attacks on Orbit Bridge, <a href="https://crypto.news/cross-chain-protocol-orbit-bridge-suffers-exploit-losses-surpass-80m/" target="_blank" rel="noopener noreferrer nofollow">resulting in $81 million</a> in losses, and the aforementioned incident involving Munchables. According to data from Immunefi, hacking remains the predominant method of crypto theft, accounting for 95.6% of total losses, while fraud comprises only 4.4%.</p>
<p>Read more: <a href="https://crypto.news/prisma-finance-hacker-demands-apology-after-11m-breach/" rel="noopener noreferrer nofollow"> Prisma Finance hacker demands live conference, apology after $11m breach </a></p>

Crypto losses due to hacks decreased nearly 50% in March, PeckShield says

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