Crypto hacks saw a consecutive monthly decline, with malicious players stealing roughly $79 million from decentralized finance projects in March.
The fall represents a 48% decrease from the $160 million stolen in February.
Blockchain security firm CertiK stated:
“Combining all the incidents in March, we’ve confirmed [approximately] $79 million lost to exploits, hacks and scams after $69 million was returned.”
A breakdown of the incidents showed that targeted exploits on protocols resulted in the highest losses, totaling $52.1 million.
This was followed by flash loan attacks and phishing incidents, which resulted in cumulative losses of approximately $43 million. Additionally, exit scams resulted in a loss of $5.7 million.
Major thefts
According to CertiK, Prisma Finance lost the most significant amount in March. The project was a victim of a flash loan attack that resulted in a loss of around $12.4 million.
The perpetrator, self-proclaimed as a white-hat, vowed to restore the sto
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