Cybersecurity experts recover $ 100 million in cryptocurrency stolen by hackers in March

Blockchain security company PeckShield has announced that in March it managed to recover about $ 100 million in cryptocurrency stolen in a series of hacker attacks.

More than 30 security breaches occurred during the month, resulting in a staggering total loss of $ 187 million in digital currencies. Nevertheless, PeckShield’s diligent work contributed to the recovery of 52.8% of the stolen funds, totaling $ 98.8 million.

PeckShield’s April 1 report details the five most significant hacking incidents of the month. The Munchables hack, which resulted in the largest financial losses, topped the list, followed by hacksinvolving Curio, Prisma Finance, NFPrompt, and the WOOFi exploit.

The incident with Munchables, a game with non-fungible tokens on the Blast network, deserves special attention. on March 26, it became known that the game was compromised, and initially the losses were estimated at $ 62 million. Interestingly, the hacker returned the stolen funds the next day without demanding any ransom. Later it turned out that the attacker was one of the game’s developers. The creator of Blast, Pakman, confirmed that after this incident, the main participants of Blast received $ 97 million USD.

Another significant incident occurred with Prisma Finance, which had $ 11 million in digital assets stolen. Shortly after the theft, the decentralized financial protocol stopped its operation to conduct an investigation. The hacker got in touch, claiming that it was a «white hat rescue» and that negotiations are underway to return the funds.

The Curio hack affected the MakerDAO-based smart contract on Ethereum. The initial estimate of losses was about $ 16 million, although PeckShield’s analysis suggests that this figure is closer to $ 40 million. This makes it the second largest loss of crypto assets in March.

In addition, NFPrompt, which is supported by the Binance cryptocurrency exchange, suffered an unauthorized access. This led to the loss of $ 10 million, and the decentralized exchange WooFi lost about $ 8.5 million.

These incidents underscore the ongoing risks in digital finance, even as significant efforts are being made to strengthen security and recover lost funds.