Blockchain security firm PeckShield has reported that nearly $100 million worth of stolen digital assets from March hacks have been recovered. In total, there were over 30 hacking incidents last month, resulting in $187 million in lost funds.
While the losses were substantial, PeckShield revealed that 52.8% of the hacked funds were returned, amounting to $98.8 million in recovered assets. The firm also highlighted the top five incidents during the month, with the Munchables hack leading the way in terms of losses. It was followed by the Curio hack, the Prisma Finance incident, the NFPrompt hack, and the WOOFi exploit.
The majority of the recovered funds were from the Munchables incident, which involved a nonfungible token game based on the Blast network. Initially, the project estimated losses of $62 million after being exploited. However, the hacker later returned the funds without requesting a ransom. The following day, Munchables discovered that the hacker was actually one of its own developers. Ultimately, Blast core contributors announced that they had secured $97 million in crypto taken from the incident.
There is also hope for the Prisma Finance incident, which saw approximately $11 million in digital assets stolen. The decentralized finance protocol froze its platform to investigate the hack, but the hacker later claimed it was a “white hat rescue” in an on-chain message. The protocol is currently in discussions with the hacker, which may result in a recovery of the lost funds.
Curio’s MakerDAO-based smart contract on Ethereum was breached on March 24, with initial estimated losses of $16 million, although PeckShield believes the actual amount is closer to $40 million. This incident ranked second in terms of the highest amount lost last month.
Lastly, the NFPrompt platform, incubated by Binance, suffered an illegal access attack resulting in approximately $10 million being accessed, while the WooFi decentralized exchange experienced losses of around $8.5 million.
Overall, these incidents shed light on the vulnerabilities within the decentralized finance space and the importance of robust security measures to protect digital assets.