😂💔 Crypto’s $28.8M March Meltdown: Hacker’s Heist Hiccup? 💸🚀

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In the waning days of March, as the winds of spring began to whisper through the canyons of the digital realm, a curious event unfolded. The greedy fingers of fate, which had previously snatched a cool $1.5 billion in February, were now content with a mere $28.8 million from the crypto coffers. 🤷‍♂️

It seems the digital pickpockets were somewhat less successful this time around, with code vulnerabilities leading the charge in thievery, raking in over $14 million. Wallets, too, were not safe, with over $8 million spirited away by unseen hands, as reported by the watchful eyes at blockchain’s own Pinkerton, CertiK.

The grandest of larcenies in this digital saga was the $13 million heist from Abracadabra.money, a lending protocol that surely wishes it had a magic spell to turn back time. 🪄

In a tale as old as time, the attacker danced a delicate ballet of borrow, liquidate, and repeat, all without the burden of repayment. CertiK painted the picture of a rather clumsy liquidation process that left the door ajar for the thief to waltz back in and pluck more digital feathers.

But lo! The protocols’ team, in a rare display of generosity, or perhaps desperation, offered a 20% bounty, a shiny double of the usual 10%, for the return of their pilfered goods. Yet, the silence is as deep as the ocean, with no whispers of returned riches.

In a close second, the restaking protocol Zoth found itself in a pickle, its deployer wallet compromised, and over $8.4 million in crypto assets vanished like a ghost in the night.

Some of March’s stolen goods did find their way home, thanks to the crafty dealing of 1inch, who managed to recover most of the $5 million that went walkabout. But in the shadowy corners of the crypto world, ZachXBT tells of a Coinbase user who lost a fortune in Bitcoin, and phishing scams that could have swindled over $46 million. 🎣

Down under, the Australian federal police were kept busy, warning 130 poor souls of a cunning message scam that mimicked the sender IDs of legitimate crypto exchanges. 📧

X users, too, had their fair share of digital trickery, with spoofs and scams trying to lead them astray into wallets controlled by the wily fraudsters. 🚫

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2025-04-01 08:26