Nearly $100M recovered from hacks in March — PeckShield

Most of the recovered funds were from the Munchables incident, in which the hacker returned the stolen crypto after negotiations.

Nearly $100 million in digital assets stolen in March hacks has been recovered, according to data compiled by blockchain security firm PeckShield. 

PeckShield said on April 1 that over 30 hacking incidents occurred in March, accounting for $187 million in funds lost.

While the losses ran into the millions, 52.8% of the hacked funds were returned. PeckShield said that $98.8 million in stolen digital assets were recovered last month.

PeckShield also highlighted the top five incidents within the month. The Munchables incident took the top spot in terms of losses in a hacking incident. It was followed by the Curio hack, the Prisma Finance incident, the NFPrompt hack and the WOOFi exploit.

Most recovered funds were from the incident involving the nonfungible token game based on the Blast network called Munchables. On March 26, the project announced that it had been exploited, with initial estimated losses put at $62 million.

However, the hacker later returned the funds without demanding a ransom. On March 27, Munchables determined that the hacker was one of its own developers.

In the end, Blast creator Pacman announced that $97 million in crypto taken from the incident had been secured by Blast core contributors.

Related: Hacker moves $10M from 2023 phishing incident to Tornado Cash

Meanwhile, the Prisma Finance incident, which saw about $11 million in digital assets stolen, might also have a chance to recover its lost funds. On March 28, the decentralized finance protocol froze its platform to investigate the hack.

However, around six hours after the attack, the hacker said in an on-chain message that the incident was a “white hat rescue.” The protocol is currently in talks with the hacker, which may lead to a recovery.

On March 24, Curio’s MakerDAO-based smart contract on Ethereum was breached. While initial estimated losses were $16 million, PeckShield claims it is closer to $40 million. The security firm noted that the incident ranks second in terms of the amount lost last month.

The Binance-incubated platform NFPrompt saw hackers illegally access about $10 million, and the WooFi decentralized exchange suffered losses of about $8.5 million.