$336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield

cryptonews.com:

According to PeckShield’s data, approximately $100 million in stolen crypto funds from hacking incidents in March have been successfully recovered. Despite significant initial losses totaling millions of dollars, 52.8% of the hacked funds were returned to their rightful owners.

PeckShield reported that the majority of the recovered funds stemmed from the Munchables incident, where the hacker returned the stolen cryptocurrency following negotiations.

#PeckShieldAlert March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered.
This marks a decrease of ~48% from February 2024.#Top5 hacks:#Munchables (#Juice affected): $97 million (recovered)#CurioNetwork: $40… pic.twitter.com/u3zejt9Ygn

— PeckShieldAlert (@PeckShieldAlert) April 1, 2024

According to a  report by web3 cybersecurity firm PeckShield on April 1, the market saw over 30 hacks in the crypto space, resulting in $187.29 million in losses, with $98.8 million recovered. This figure marked a decrease of 48% from February, when hackers stole over $360 million.

Despite declining losses compared to February, March’s figures still exceeded those of January, during which the market encountered $182.5 million in losses.

PeckShield also highlighted the top five incidents during the month. Among the top five incidents highlighted, the Munchables hack ranked as the most significant  in terms of losses, followed by the Curio hack, the Prisma Finance breach, the NFPrompt hack, and the WOOFi exploit.

According to the report, most of the recovered funds were from the Munchables incident, a non-fungible token game on the Blast network. On March 26, the project disclosed  that it had been exploited, with initial losses