CertiK: Cryptocurrency losses from breaches and scams fell to $28.8 million in March

blockchain security company CertiK said that cryptocurrency vulnerability exploits and fraud losses dropped to $28.8 million in March, lower than the $1.5 billion surge in losses after Bybit was attacked in February. Stolen funds exceeded $33 million in March, but due to the successful recovery of some stolen funds by decentralized exchange aggregator 1inch, the total losses decreased. CertiK stated in a post on X platform on April 1 that losses caused by code vulnerabilities were the highest, exceeding $14 million; wallet intrusions resulted in over $8 million being stolen. The most serious loss event in March was the exploitation of a smart contract vulnerability in the decentralized lending protocol Abracadabra.money on March 25, resulting in a loss of approximately $13 million.