Losses from crypto hacks and exploits reached $52 million across 20 major incidents in March 2026, according to blockchain security firm PeckShield. The figure represents a 96% increase compared with $26.5 million in February, highlighting a sharp rise in security threats across the digital asset sector.
Resolv Labs Attack Drives Major Stablecoin Losses
A significant portion of March’s losses came from an exploit targeting Resolv Labs, which resulted in the theft of more than $25 million worth of USR stablecoins. Attackers exploited a flaw in the USR minting contract, creating nearly 80 million unbacked stablecoins.
Resolv issued a 72-hour ultimatum demanding the return of 90% of stolen funds, but the assets were not recovered. PeckShield warned that the real damage included “shadow contagion,” where secondary losses spread across linked DeFi platforms. The 80% crash in USR value created systemic bad debt across Morpho Blue, Euler, and Fluid protocols.
Violent Crypto Theft and Ongoing Security Risks
Another major case involved X user Sillytuna, who reported losing roughly $24 million in Aave Ethereum USDC (aEthUSDC) during a violent attack involving kidnapping and threats. The stolen assets were later moved across Bitcoin, Monero, and Layer 2 networks to hide their origin.
Security incidents continue to impact the industry, with Balancer recently announcing the closure of Balancer Labs following a $128 million exploit in November 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.