{"id":19971,"date":"2025-04-01T05:16:33","date_gmt":"2025-04-01T05:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19971"},"modified":"2025-04-01T05:16:33","modified_gmt":"2025-04-01T05:16:33","slug":"crypto-exploit-scam-losses-drop-to-28-8m-in-march-after-february-spike","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19971","title":{"rendered":"Crypto exploit, scam losses drop to $28.8M in March after February spike"},"content":{"rendered":"
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\"Crypto<\/p>\n

Losses to crypto scams, exploits, and hacks dropped to just $28.8 million in March, far from February\u2019s spike to $1.5 billion in losses after the Bybit hack.<\/p>\n

Code vulnerabilities accounted for the most losses, at over $14 million, while wallet compromises were used to steal over $8 million, blockchain security firm CertiK said<\/a> in an April 1 post to X.<\/p>\n

The most significant loss for the month was the $13 million March 25 smart contract exploit of the decentralized lending<\/a> protocol Abracadabra.money.<\/p>\n

\"Crypto
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After accounting for returned funds, a total of $28.8 million was stolen through exploits, hacks and scams in March. Source: <\/em>CertiK<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

In a separate March 27 report, the blockchain security firm said<\/a>, \u201cThe attacker was able to borrow funds, liquidate themselves, then borrow funds again without repaying them.\u201d<\/p>\n

\u201cThis was due to the liquidation process not overwriting records in RouterOrder that counted as collateral, allowing the exploiter to falsely borrow additional funds after liquidation,\u201d CertiK said.<\/p>\n