March crypto hack losses hit $52M, up 96% from prior month

According to blockchain security firm PeckShield, the cryptocurrency market suffered 20 major hacks in March, totaling $52 million in losses. This represents a 96% surge from the $26.5 million lost in the previous month. The largest single incident was the ResolvLabs USR depegging event, which involved the infinite minting of 80 million USR and resulted in a $25 million loss.