Crypto hack, exploit losses reach $52 million in March: PeckShield

Onchain security firm PeckShield reported that crypto hacks and exploits resulted in $52 million in losses across 20 major incidents in March, a significant 96% increase from the $26.5 million lost in February. The Resolv Labs attack, which drained over $25 million, contributed substantially to these losses, stemming from a flaw in the USR minting contract. The impact extends beyond the initial theft, with PeckShield highlighting a “shadow contagion” causing systemic bad debt across DeFi protocols like Morpho Blue, Euler, and Fluid due to the 80% crash in USR stablecoin value. Another major incident involved the theft of roughly $24 million in Aave Ethereum USDC from X user Sillytuna, accompanied by a violent physical attack. These incidents underscore the rising sophistication of attacks in the crypto space and their profound impact on projects, as exemplified by Balancer Labs’ recent closure following a $128 million exploit.

(Source：The Block)