Zoth Archives - Coin Engineer https://coinengineer.net/blog/tag/zoth/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 01 Apr 2025 10:04:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Zoth Archives - Coin Engineer https://coinengineer.net/blog/tag/zoth/ 32 32 Crypto Fraud Losses Drop in March https://coinengineer.net/blog/crypto-fraud-losses-drop-in-march/ https://coinengineer.net/blog/crypto-fraud-losses-drop-in-march/#respond Tue, 01 Apr 2025 11:00:50 +0000 https://coinengineer.net/blog/?p=39414 Losses from crypto scams, exploits, and hacks fell to $28.8 million in March, a significant drop from February’s $1.5 billion loss following the Bybit hack. According to blockchain security firm CertiK, the most significant loss was the $13 million smart contract exploit of the Abracadabra.money decentralized lending protocol on March 25. You Might Be Interested

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]]> Losses from crypto scams, exploits, and hacks fell to $28.8 million in March, a significant drop from February’s $1.5 billion loss following the Bybit hack.

According to blockchain security firm CertiK, the most significant loss was the $13 million smart contract exploit of the Abracadabra.money decentralized lending protocol on March 25.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Major Code Vulnerabilities and Wallet Breaches

  • Code vulnerabilities accounted for over $14 million in losses.
  • Wallet compromises resulted in over $8 million being stolen.
  • The Zoth protocol suffered a $8.4 million loss after its deployer wallet was compromised.

crypto

Some Funds Were Recovered!

While over $33 million was stolen in total, decentralized exchange aggregator 1inch successfully recovered most of the $5 million stolen in a March 5 exploit after negotiating a bug bounty agreement with the attacker.

However, blockchain investigator ZachXBT claimed that an unidentified Coinbase user lost 400 Bitcoin ($34 million).

Additionally, the Australian Federal Police warned 130 people on March 21 about a crypto scam impersonating exchange sender IDs.

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