{"id":39414,"date":"2025-04-01T14:00:50","date_gmt":"2025-04-01T11:00:50","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=39414"},"modified":"2025-04-01T13:04:35","modified_gmt":"2025-04-01T10:04:35","slug":"crypto-fraud-losses-drop-in-march","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-fraud-losses-drop-in-march\/","title":{"rendered":"Crypto Fraud Losses Drop in March"},"content":{"rendered":"<p class=\"\" data-start=\"1646\" data-end=\"1820\">Losses from <strong data-start=\"1658\" data-end=\"1695\">crypto scams, exploits, and hacks<\/strong> fell to <strong data-start=\"1704\" data-end=\"1721\">$28.8 million<\/strong> in March, a significant drop from <strong data-start=\"1756\" data-end=\"1788\">February\u2019s $1.5 billion loss<\/strong> following the <strong data-start=\"1803\" data-end=\"1812\">Bybit<\/strong> hack.<\/p>\n<p class=\"\" data-start=\"1822\" data-end=\"2023\">According to <strong data-start=\"1835\" data-end=\"1870\">blockchain security firm CertiK<\/strong>, the most significant loss was the <strong data-start=\"1906\" data-end=\"1921\">$13 million<\/strong> smart contract exploit of the <strong data-start=\"1952\" data-end=\"1973\">Abracadabra.money<\/strong> decentralized lending protocol on <strong data-start=\"2008\" data-end=\"2020\">March 25<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"2025\" data-end=\"2081\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/crypto-fraud-losses-drop-in-march\/#Major_Code_Vulnerabilities_and_Wallet_Breaches\" title=\"Major Code Vulnerabilities and Wallet Breaches\">Major Code Vulnerabilities and Wallet Breaches<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/crypto-fraud-losses-drop-in-march\/#Some_Funds_Were_Recovered\" title=\"Some Funds Were Recovered!\">Some Funds Were Recovered!<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"2025\" data-end=\"2081\"><span class=\"ez-toc-section\" id=\"Major_Code_Vulnerabilities_and_Wallet_Breaches\"><\/span>Major Code Vulnerabilities and Wallet Breaches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li data-start=\"2084\" data-end=\"2156\"><strong data-start=\"2084\" data-end=\"2108\">Code vulnerabilities<\/strong> accounted for over <strong data-start=\"2128\" data-end=\"2143\">$14 million<\/strong> in losses.<\/li>\n<li data-start=\"2159\" data-end=\"2229\"><strong data-start=\"2159\" data-end=\"2181\">Wallet compromises<\/strong> resulted in over <strong data-start=\"2199\" data-end=\"2213\">$8 million<\/strong> being stolen.<\/li>\n<li data-start=\"2232\" data-end=\"2331\">The <strong data-start=\"2236\" data-end=\"2244\">Zoth<\/strong> protocol suffered a <strong data-start=\"2265\" data-end=\"2281\">$8.4 million<\/strong> loss after its deployer wallet was compromised.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-152493 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/04\/kripto.jpg\" alt=\"crypto\" width=\"1056\" height=\"1632\" \/><\/p>\n<h2 data-start=\"2333\" data-end=\"2368\"><span class=\"ez-toc-section\" id=\"Some_Funds_Were_Recovered\"><\/span>Some Funds Were Recovered!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"2369\" data-end=\"2608\">While over <strong data-start=\"2380\" data-end=\"2395\">$33 million<\/strong> was stolen in total, decentralized exchange aggregator <strong data-start=\"2451\" data-end=\"2460\">1inch<\/strong> successfully recovered <strong data-start=\"2484\" data-end=\"2517\">most of the $5 million stolen<\/strong> in a <strong data-start=\"2523\" data-end=\"2534\">March 5<\/strong> exploit after negotiating a <strong data-start=\"2563\" data-end=\"2587\">bug bounty agreement<\/strong> with the attacker.<\/p>\n<p class=\"\" data-start=\"2610\" data-end=\"2739\">However, blockchain investigator <strong data-start=\"2643\" data-end=\"2654\">ZachXBT<\/strong> claimed that an unidentified <strong data-start=\"2684\" data-end=\"2696\">Coinbase<\/strong> user lost <strong data-start=\"2707\" data-end=\"2736\">400 Bitcoin ($34 million)<\/strong>.<\/p>\n<p class=\"\" data-start=\"2741\" data-end=\"2887\">Additionally, the <strong data-start=\"2759\" data-end=\"2788\">Australian Federal Police<\/strong> warned <strong data-start=\"2796\" data-end=\"2810\">130 people<\/strong> on <strong data-start=\"2814\" data-end=\"2826\">March 21<\/strong> about a <strong data-start=\"2835\" data-end=\"2884\">crypto scam impersonating exchange sender IDs<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"2741\" data-end=\"2887\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Losses from crypto scams, exploits, and hacks fell to $28.8 million in March, a significant drop from February\u2019s $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<\/p>\n","protected":false},"author":28,"featured_media":37205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[638,13808,22,61,654,353,13807,2656,4588,971,13811,13810,13809],"class_list":["post-39414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-1inch","tag-abracadabra-money","tag-binance","tag-bitcoin","tag-bybit","tag-certik","tag-crypto-attack","tag-hacker","tag-phishing-attack","tag-scam","tag-smart-contract-exploit","tag-wallet-breach","tag-zoth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Fraud Losses Drop in March - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-fraud-losses-drop-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Fraud Losses Drop in March - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Losses from crypto scams, exploits, and hacks fell to $28.8 million in March, a significant drop from February\u2019s $1.5 billion loss following the Bybit hack. 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