Crypto exploit, scam losses drop to $28.8M in March after February spike

Quick Summary:

The second highest monthly loss was restaking protocol Zoth after its deployer wallet was compromised and the attacker withdrew over $8.4 million in crypto assets. March crypto losses reduced after hacker returned some funds Some of the stolen funds in March were returned.

Source: CertiKIn a separate March 27 report, the blockchain security firm said, “The attacker was able to borrow funds, liquidate themselves, then borrow funds again without repaying them.”“This 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,” CertiK said.

In total, CertiK says over $33 million was stolen for the month, but 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.

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Article Details

Author / Journalist: Cointelegraph by Stephen Katte

Category: Crypto

Markets: United StatesAustralia

Topics: Crypto Certik Losses Funds Month Million Stolen Exploit March Scam Total

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 06:05:59 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27506685

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