Blast

Hope

Million

Security

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-security-firm-recovers-100-million-in-stolen-digital-assets" rel="noopener noreferrer nofollow">Crypto Security Firm Recovers $100 Million in Stolen Digital Assets</a><br></p>
<p style="text-align: justify">PeckShield, a blockchain <a href="https://en.bitcoinhaber.net/phantom-wallet-endures-ddos-onslaught-without-compromising-user-funds" rel="noopener noreferrer nofollow">security</a> company, has successfully retrieved a substantial amount of cryptocurrency previously stolen in a series of cyberattacks. The firm reports that during March, hackers plundered around $187 million in digital assets across over 30 separate incidents. Remarkably, PeckShield managed to reclaim $98.8 million, which accounts for more than half of the lost funds.</p>
<h2 id="high-profile-hacks-and-responses">High-Profile Hacks and Responses</h2>
<p style="text-align: justify">The Munchables, a notable non-fungible token (<a href="https://en.bitcoinhaber.net/vaneck-debuts-segmint-platform-for-nft-and-crypto-asset-management" rel="noopener noreferrer nofollow">NFT</a>) game, experienced the heaviest losses when it was breached, with the initial estimated hit of $62 million. Following the theft, the game’s project disclosed an internal culprit – a rogue developer – who returned the stolen funds without coercion. Subsequently, the community around the Blast network game, led by creator Pacman, secured $97 million in the compromised crypto.</p>
<p style="text-align: justify">Other significant incidents included attacks on Curio, Prisma Finance, NFPrompt, and WOOFi. Each suffered substantial losses, with Curio’s exploit resulting in a near $40 million loss, making it the second-largest financial hit after Munchables.</p>
<h2 id="flickers-of-hope-in-the-aftermath-of-crypto-heists">Flickers of Hope in the Aftermath of Crypto Heists</h2>
<p style="text-align: justify">Prisma Finance’s situation offers a glimpse of optimism as the platform is in active talks with an alleged white-hat hacker who claims responsibility for a $11 million theft. This dialogue could potentially lead to the recovery of the stolen crypto assets. Similarly, the decentralized protocol took swift action by halting operations to assess the breach.</p>
<h2 id="inferences-from-this-article">Inferences from This Article</h2>
<ul>
 <li>PeckShield’s recovery efforts resulted in retrieving over 50% of March’s stolen crypto assets.</li>
 <li>An internal developer was behind the Munchables <a href="https://en.bitcoinhaber.net/crypto-crime-and-law-enforcement-a-survey-reveals-urgent-need-for-training-and-resources" rel="noopener noreferrer nofollow">hack</a>, demonstrating the importance of insider threat management.</li>
 <li>Ongoing negotiations with hackers suggest potential for recovering assets post-theft.</li>
</ul>
<p style="text-align: justify">The incidents serve as a stark reminder of the persistent threats in the crypto sphere, showcasing both the vulnerabilities of emerging digital platforms and the capabilities of security firms to mitigate the aftermath of cyberattacks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-security-firm-recovers-100-million-in-stolen-digital-assets" rel="noopener noreferrer nofollow">Crypto Security Firm Recovers $100 Million in Stolen Digital Assets</a></h5>

Crypto Security Firm Recovers $100 Million in Stolen Digital Assets

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