- Over $98.8 million in stolen digital assets were recovered in March, with PeckShield reporting 30 hacking incidents.
- A significant recovery was made in the Munchables game hack, where the hacker returned $97 million without a ransom.
- Other notable incidents include the Curio hack and the Prisma Finance exploit, with ongoing recovery efforts.
The digital asset community saw a major recovery effort following several hacking incidents. Blockchain security firm PeckShield shared that out of $187 million lost in over 30 hacks during March, nearly $100 million has been successfully reclaimed.
One of the most noteworthy recoveries involved the nonfungible token game Munchables. The game, which operates on the Blast network, reported a massive breach with losses initially pegged at $62 million. In an unexpected twist, the funds were returned by the hacker, later identified as one of the game’s developers, without any demands for a ransom.
Major Recoveries and Ongoing Efforts
This incident alone accounted for the majority of the recovered funds, with Blast network’s core contributors securing the returned $97 million. Other significant incidents during the month included the Curio hack and the Prisma Finance exploit, both of which suffered substantial losses but are seeing promising developments towards fund recovery.
The Prisma Finance hack, which resulted in an $11 million loss, took an interesting turn when the attacker claimed the breach was a “white hat rescue,” opening a dialogue for potentially returning the stolen assets. Meanwhile, the Curio hack on a MakerDAO-based smart contract led to a staggering $40 million loss, making it one of the largest in terms of value affected.
Building a Resilient Digital Asset Community
Despite the challenges posed by these security breaches, the successful recovery efforts underscore the resilience and collective action within the digital asset community. These incidents also highlight the importance of robust security measures and the potential for constructive outcomes even in the face of seemingly detrimental hacks.
