Crypto Events
By Steven Anderson
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Significant Drop in Crypto Scam Losses. March 2025 saw a dramatic reduction in crypto scam losses, with the total amount falling to $28.
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Causes of the Decline in Scams. The sharp decrease in scam losses could be attributed to various factors, including improvements…
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The Regulatory Shift Under the Trump Administration. While crypto scams and breaches remain a major concern, there’s hope that regulatory changes could…
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Conclusion. While March 2025 saw a significant reduction in the losses from crypto scams, with a 98% drop…
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Crypto scams and hack losses plummeted dramatically in March, signaling potential improvements in security.
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According to blockchain security firm CertiK, the majority of losses in March were caused by code vulnerabilities, which accounted for over $14 million in damages.
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While this drop is encouraging, March still witnessed some significant exploits, including a $13 million smart contract breach on the decentralized lending protocol Abracadabra.
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The sharp decrease in scam losses could be attributed to various factors, including improvements in security measures and fewer exploitable weaknesses in crypto platforms.
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CertiK’s report highlighted that the most notable exploit in March involved an attacker manipulating the liquidation process in the Abracadabra.money protocol.
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Another breach involved the restaking protocol Zoth, where over $8.4 million was stolen after the deployer's wallet was compromised.
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Additionally, phishing scams and spoofed crypto exchanges resulted in an estimated $46 million in potential losses, further emphasizing the ongoing security risks in the crypto…
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Atkins has pledged to work with other commissioners and Congress to provide a rational, principled regulatory foundation for digital assets.
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While March 2025 saw a significant reduction in the losses from crypto scams, with a 98% drop compared to February, vulnerabilities in smart contracts continue to pose a…
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