The post The Crypto Industry Lost $52 Million to Hackers in March appeared on BitcoinEthereumNews.com.

Crypto cyberattacks surged to $52 million in March, a 96% increase from February. PeckShield noticed a new trend involving ripple effects that trail initial cyberattacks. Recovery rate remains low despite increasing losses from cryptocurrency exploits. Cyberattacks in the crypto space surged significantly in March, with hackers stealing $52 million across 20 incidents. The figure marks a 96% increase from February’s $26.5 million, signaling renewed activity from attackers after a temporary slowdown. Crypto Hack Volume Surge 96% in March According to PeckShield, hackers stole $52 million in 20 major hacks in March, a 96% increase from February’s total of $26.5 million. The drop in February is sandwiched between two relatively high-incident months, considering hackers stole $86 million from crypto projects last January. Meanwhile, the ResolvLabs decentralized finance (DeFi) protocol was the top victim of crypto hackers in March after suffering an AWS KMS breach that enabled an 80 million USR “infinite mint,” equivalent to approximately $25 million, to be drained from the platform.  The exploit triggered a ripple effect across MorphoBlue, Euler, and Fluid, resulting in bad debts on these platforms. Other notable losses in March linked to cyberattacks in the crypto space include a sophisticated on-chain/off-chain combo exploit on Venus, which affected its THE tokens, resulting in a $2.18 million loss, and a $24 million exploit on Sillytuna in both physical and on-chain attacks. Meanwhile, a Kraken whale lost $18 million after being targeted in a social engineering attack. A Dangerous “Shadow Contagion” Trend Despite the notable surge in cyberattacks, PeckShield added that the real impact goes beyond the volume or number of incidents. The blockchain security firm identified a pattern experts refer to as “shadow contagion.” It occurs when damage spreads quietly across connected DeFi platforms.  In the new trend, one exploit can create a ripple effect, causing bad…

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Filed under: News - @ April 1, 2026 7:27 pm