{"id":2108,"date":"2026-04-05T21:32:48","date_gmt":"2026-04-05T21:32:48","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2108"},"modified":"2026-04-05T21:32:48","modified_gmt":"2026-04-05T21:32:48","slug":"report-crypto-hacks-surge-in-march-as-losses-reach-52-million-dollars","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/05\/report-crypto-hacks-surge-in-march-as-losses-reach-52-million-dollars\/","title":{"rendered":"Report: Crypto Hacks Surge in March as Losses Reach 52 Million Dollars"},"content":{"rendered":"\n
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Losses totaling 52 million dollars in March were already significant, yet April began even worse with a single incident leading to the theft of 285 million dollars.<\/p>\n\n\n\n

A report by blockchain security firm PeckShield revealed that crypto hacking incidents increased by 96 percent in March 2026, with scammers stealing around 52 million dollars across major attacks.<\/p>\n\n\n\n

The firm also highlighted the emergence of a new pattern known as \u201cshadow contagion,\u201d where the impact of these breaches spreads to other DeFi platforms. This means that even unaffected protocols are forced to handle resulting bad debt.<\/p>\n\n\n\n

Ripple Effects From Crypto Hacks<\/strong><\/p>\n\n\n\n

PeckShield recorded 20 separate exploits in March 2026. The total loss of 52 million dollars was nearly double the 26.5 million dollars reported in February.<\/p>\n\n\n\n

According to the report, these attacks are no longer isolated. Experts say they now trigger what is described as shadow contagion, extending damage beyond the original breach. A single exploit can disrupt lending markets, drain liquidity pools, and create bad debt for platforms that were not directly targeted.<\/p>\n\n\n\n

One major example occurred when attackers breached ResolvLabs by taking advantage of a weakness in its AWS key management system. This allowed them to mint 80 million USR tokens. The incident caused direct losses of about 25 million dollars and also led to bad debt across other platforms including Morphoblue, Euler, and Fluid.<\/p>\n\n\n\n

In another case, a hacker bypassed the supply cap in the Thena market on Venus Protocol. The attacker inflated collateral to more than three times the intended limit and borrowed nearly 15 million dollars in assets. While early reports estimated losses at 3.7 million dollars, blockchain data later showed the attacker lost over 4 million dollars while leaving behind 2.18 million dollars in bad debt.<\/p>\n\n\n\n

Other notable incidents included attacks targeting individuals. One case involved the theft of 24 million dollars from online personality Sillytuna through a mix of physical coercion and smart contract manipulation. Another saw 18 million dollars worth of ETH stolen from a major holder on Kraken using social engineering techniques. Data shows the victim originally held 8,662 ETH, with the attacker moving funds through Thorchain and transferring a large portion to the HitBTC platform.<\/p>\n\n\n\n

April Begins With Massive Loss<\/strong><\/p>\n\n\n\n

Additional data from security researcher Jussy highlighted further exploits affecting DeFi platforms. Cyrus Finance suffered a 5 million dollar flash loan pool shares attack on March 22, while Solv, a Bitcoin reserve protocol, lost 2.7 million dollars on March 5.<\/p>\n\n\n\n

April opened on a severe note when a scheme initiated in March resulted in a loss of about 285 million dollars from Drift Protocol, a perpetual futures exchange on Solana. Following the incident, blockchain investigator ZachXBT criticized stablecoin issuer Circle for what he described as a lack of response, as the attacker transferred millions in USDC from Solana to Ethereum through roughly 100 transactions.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Losses totaling 52 million dollars in March were already significant, yet April began even worse with a single incident leading to the theft of 285 million...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2108","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2108"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2108\/revisions"}],"predecessor-version":[{"id":2110,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2108\/revisions\/2110"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}