
Crypto scams, exploits down 71% YoY as $370M lost since January
Euler Finance, BonqDAO, and CoinDeal recorded the highest losses with $196 million, $120 million, and $45 million, respectively.
Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.

The affected cryptocurrency project ultimately lost no significant funds.

Euler Labs CEO Michael Bentley tweeted on March 17 that the DeFi protocol's exploited lines of codes were previously audited.

Crypto investment fraud losses made up roughly 25% of all money lost to online scams and fraud during 2022 and almost 90% of the $3.31 billion lost to online investment fraud.

The Euler labs attacker sent one of the DeFi protocol users 100 ETH, leading to speculations that the hacker could return the funds.

Hackers used a repetitive function to exploit Poolz Finance's BNB and Polygon chains.

More than $25 billion of assets are vulnerable, according to security firm Halborn.