PeckShield: In March, the cryptocurrency industry experienced 20 major security incidents, with total losses of approximately 52 million USD

According to on-chain analyst PeckShield, there were a total of 20 major hacking incidents in the cryptocurrency sector in March 2026, with total losses reaching $52 million, a staggering 96% increase compared to $26.5 million in February.

The most concerning risk this month is the "shadow contagion" effect, where a single event triggers a chain of bad debts across multiple protocols. Major incidents include: ResolvLabs ($USR) suffering an "infinite minting" attack due to an AWS KMS key management vulnerability, resulting in losses of approximately $25 million, an 80% drop in the price of USR, and causing systemic bad debts for protocols such as MorphoBlue, Euler, and Fluid; Venus ($THE) experiencing an on-chain/off-chain combination attack, leaving $2.18 million in bad debts; well-known on-chain figure @sillytuna facing a physical attack and on-chain coordinated strike, resulting in losses of $24 million; and a Kraken whale user (0xC551…acA21) losing $18 million due to a social engineering attack, with hackers transferring some funds through Thorchain to HitBTC.