Crypto hacks highlight vulnerabilities in the digital financial system
Skip to content
AZC.News
en EN
BTC Coin BTC
2.32%
ETH Coin ETH
1.71%
USDT Coin USDT
0.00%
0.86%
SOL Coin SOL
2.80%
USDC Coin USDC
0.00%
XRP Coin XRP
0.71%
DOGE Coin DOGE
9.10%
ADA Coin ADA
1.53%
TON Coin TON
1.53%
BTC Coin BTC
2.32%
ETH Coin ETH
1.71%
USDT Coin USDT
0.00%
BNB Coin BNB
0.86%
SOL Coin SOL
2.80%
USDC Coin USDC
0.00%
XRP Coin XRP
0.71%
DOGE Coin DOGE
9.10%
ADA Coin ADA
1.53%
TON Coin TON
1.53%
Search...
Home > News > Altcoin
Published: 03/04/2024
-
Author: Kane
Nearly $100M in Crypto Hacks Recovered in March – PeckShield
PeckShield stated: There were numerous crypto hacks in March such as Munchables, Pacman, Prisma Finance, NFPrompt, but a significant amount of around $100 million has been recovered through negotiations with hackers.
Azcnews Breaking (76)
Close to $100 million in digital assets have been recovered following crypto hacks in March, according to data compiled by blockchain security company PeckShield.
On April 1st, PeckShield announced that more than 30 crypto hacks occurred in March, resulting in damages totaling $187 million.
Despite losses amounting to millions of dollars, 52.8% of the stolen funds have been recovered. PeckShield stated that $98.8 million in digital assets were recovered in the previous month.
Crypto hacks highlight vulnerabilities in the digital financial system
Crypto Hacks
Crypto Hacks
PeckShield also highlighted the five largest crypto hacks in the month. The Munchables incident ranked highest in terms of severity. This was followed by the Curio hack, the Prisma Finance incident, the NFPrompt attack, and the WOOFi exploit.
The majority of recovered funds came from incidents related to the Munchables token game based on the Blast network. On March 26th, the project announced it had been exploited, with initial estimated damages reaching $62 million.
However, the hackers later returned the funds without demanding a ransom. On March 27th, Munchables identified the attacker as one of their own developers.
Finally, Pacman – the founder of Blast – announced that $97 million in stolen cryptocurrency had been securely safeguarded by core Blast members.
Meanwhile, the incident involving Prisma Finance, with around $11 million in stolen digital assets, also has the potential for recovering the lost funds. On March 28th, the decentralized finance protocol froze its platform to investigate the crypto hack.
Related: Prisma Finance Hacked for $11 Million
However, about 6 hours after the attack, the hackers sent a message on-chain stating that it was a “white hat rescue mission.” Currently, the protocol is negotiating with the hackers, which may lead to the recovery of the stolen funds.
On March 24th, the smart contract of Curio based on MakerDAO on Ethereum was compromised. Although the initial estimated damage was $16 million, PeckShield believes the actual figure is closer to $40 million. The security company noted that this incident ranked second in terms of loss value in the previous month.
The NFPrompt platform, incubated by Binance, was unlawfully accessed by hackers for around $10 million, and the decentralized exchange WooFi suffered damages of approximately $8.5 million.
Read More
#crypto
#hack
#Hacker
4.6/5
(5 votes)
Avatar of Mohamad Shabani
Mohamad Shabani
03/04/2024 at 9:55 am
you are the best
Like Reply Share
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking (78)
Airdrops | Altcoin | Editor Choice 06/04/2024
Refer & Win Reward Together on BingX
BingX exchange introduces a reward program for users who participate in trading and refer new users, with rewards of up to 1 BTC. To join, read the details here now!
Azcnews Breaking
Airdrops | Altcoin | Editor Choice 05/04/2024
Get BTC Welcome Bitcoin Halving on BingX
The cryptocurrency exchange BingX is organizing a special event dedicated to the once-every-four-years occasion of Bitcoin Halving.
Azcnews Breaking
Altcoin | Editor Choice | Research 05/04/2024
What is MultiBit? Information about MUBI Token
The surge of BRC-20 has sparked a new investment appetite among traders, likely emerging as the main trend of 2024 coinciding with the Bitcoin Halving. Multibit (MUBI) will play a crucial role in this trend. So, what is Multibit? Is investing in MUBI Token worthwhile? Let's find out!
Azcnews (2)
Altcoin | Defi | Editor Choice | News 05/04/2024
The DeFi Boom Could Propel Ethereum Prices to $3500
Ethereum is showing signs of a bullish reversal, supported by DeFi sentiment and positive technical indicators. Despite initial setbacks, Ethereum's price stabilizes around $3,379 with potential for further upward movement.
Azcnews Breaking
Airdrops | Altcoin 05/04/2024
How to participate in the Xterio Airdrop
Xterio is a Gaming and AI project that has successfully raised $55M in funding through 2 rounds from major investors such as Binance Labs, Makers Fund, and more. Xterio is a promising project that holds the potential for large airdrops in the future. To participate, learn more details here!
Top views
1
Guide to Participating in Eclipse Testnet
2
NIM Network Announces Airdrop of 90 Million Tokens
3
How to Participate in the Backpack Airdrop
4
Standard Chartered Forecasts Bitcoin to Rise to $250,000
5
Bitcoin Halving Chart History Analysis
6
What is ChatAI? Information about CHATAI Token?
7
The Resurgence of “RWA” Token Category
8
Solana Earns the Title of Ethereum Slayer
9
AltLayer Introduces ALT Staking Feature
10
Tokenization: Real World Assets on the Blockchain
About AZC.News
About Us
For Ads
For KOLs
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coiner
