CertiK data revealed that crypto security improved in March.
As per the blockchain security firm, frauds totalled $28.8 million in March.
After February’s staggering $1.5 billion loss from the Bybit hack, March brought a significant improvement to the cryptocurrency security landscape. According to blockchain security firm CertiK, crypto-related scams and exploits and hacks reached only $28.8 million in March while experiencing a massive 98% decline from the previous month.
Code Vulnerabilities Continued To Be A Major Threat
Attackers find code vulnerabilities to be the most captivating targets among all scams according to CertiK X post. This amounted to over $14 million in losses during March; on the other hand, wallet compromises were utilized to steal approximately $8 million in value.
In March month the biggest loss was bear by decentralized lending protocol Abracadabra.money of $13 million on March 25. In response to the attack, the platform offered a 20% bounty,
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