In March, the losses from encryption security incidents amounted to $158 million, a decrease of 62.5% year-on-year. Blast chain attacks accounted for 58%.

In March 2024, the total loss amount from security incidents in the Crypto Assets and Blockchain fields significantly decreased compared to February. More than 30 typical security incidents occurred this month, with a total loss amount of approximately $158 million, a reduction of 62.5% from February. Among them, losses due to Hacker attacks were about $116 million, a decrease of 66.4%; phishing scams resulted in losses of approximately $36.85 million, an increase of 129%; and Rug Pull incidents caused losses of about $5.12 million, a decrease of 91.4%.

The largest attack incidents this month include: the Blast chain gaming platform Munchables ( with 2.3 million USD ), RWA infrastructure Curio Ecosystem ( with 1.6 million USD ), and DeFi protocol Prisma Finance ( with 1.16 million USD ). It is worth noting that the three attack incidents on the Blast chain resulted in a loss of 67.5 million USD, accounting for 58% of the total loss for the month. Additionally, the number of phishing scams this month has significantly increased, with multiple personal addresses losing over 1 million USD.

In terms of hacker attacks, a total of 15 typical security incidents occurred, with a total loss of approximately 116.35 million US dollars. These include:

1. On March 5, a DeFi project was attacked due to a contract vulnerability, resulting in a loss of about 8.75 million USD.

2. On March 9, a DeFi trading platform suffered an external call vulnerability attack, resulting in a loss of approximately 2.6 million dollars.

3. On March 13, a Web3 infrastructure project had its wallet stolen on a public blockchain, resulting in a loss of approximately $760,000.

4. On March 15, a project on the Arbitrum Blockchain was hacked due to a private key leak, resulting in a theft of approximately $2 million.

5. On March 16, the founder of a certain NFT project claimed that their system was attacked by a Hacker, and all imported wallets were stolen, resulting in a loss of approximately 3 million USD.

6. On March 20, an old contract of a certain exchange was attacked, resulting in a loss of approximately 1.9 million USD.

7. On March 21, a certain Blast ecosystem project suffered a vulnerability exploit, resulting in the theft of 4.6 million dollars.

8. On March 21, a Hacker gained access to a certain project's LP through a social engineering scam, resulting in approximately $1 million being stolen.

9. On March 23, a certain RWA infrastructure suffered an attack due to a vulnerability in access control, resulting in a loss of 16 million dollars.

10. On March 26, a Web3 gaming platform based on the Blast blockchain was attacked, resulting in a loss of approximately $62.3 million. The attack is suspected to be caused by the project team hiring criminals as developers.

11. On March 28, a certain DeFi protocol suffered a flash loan attack, resulting in a loss of approximately 11.6 million dollars.

12. On March 29, a certain DeFi protocol suffered a price manipulation attack, resulting in a loss of approximately $340,000.

In terms of Rug Pull and phishing scams, a total of 9 typical security incidents occurred, resulting in losses of approximately 21.2 million USD. These include:

1. On March 1, a certain address suffered a phishing attack, resulting in a loss of 4.39 million dollars.

2. On March 4th, a certain address suffered a phishing attack, resulting in a loss of approximately 1.72 million dollars.

3. On March 5th, a Rug pull occurred on a public blockchain project, resulting in a loss of about 1.4 million dollars.

4. On March 14, a certain address suffered a phishing attack, resulting in a loss of approximately 2 million USD.

5. On March 17, a fake account on a social media platform used phishing scams to steal approximately 2.6 million USD in assets.

6. On March 18, a certain address suffered a phishing attack, resulting in a loss of approximately 2.48 million USD.

7. On March 20, a certain address suffered a phishing attack, resulting in a loss of approximately 3.05 million US dollars.

8. On March 24, a certain address was subjected to a phishing attack, resulting in a loss of approximately 2.9 million dollars.

In terms of Crypto Assets cases, there were 7 typical incidents this month:

1. On March 23, a certain county police station in Sichuan Province cracked a case of a pyramid scheme disguised as a value-added service for virtual digital currency, involving more than 10,000 people nationwide, with a funding scale exceeding 200 million yuan.

On March 25th, a certain county police bureau in Hubei Province cracked a "digital collectible" fraud case, with over 5,000 victims and a fraud amount exceeding 12 million yuan.

On March 19, the Los Angeles police recovered stolen Bitcoin mining machines worth 6.9 million dollars, and the suspects have been detained.

4. On March 11, Argentina arrested a couple accused of planning a $400 million Crypto Assets Ponzi scheme in Brazil.

5. A UK court ruled that a woman was involved in money laundering, involving $4.3 billion in Bitcoin.

6. A UK court found after a five-year investigation that a former hotel worker was involved in a money laundering activity worth $2.5 billion in Bitcoin.

7. The U.S. Securities and Exchange Commission has charged 17 individuals involved in a Ponzi scheme that defrauded over 40,000 victims out of $300 million.

In terms of Blockchain policy, several regions have introduced relevant policies:

1. The Shanghai Municipal Government released the "Shanghai Tax Collection Service and Guarantee Measures", proposing to use Blockchain and other technologies to promote the construction of smart taxation.

2. Shanghai released the "Guiding Opinions on the Management of Interest Subsidies for New Infrastructure Construction Projects in Shanghai", encouraging social funds to invest in Blockchain infrastructure and other data infrastructure.

3. 18 departments released action plans, focusing on the metaverse, and conducting core standards research on Blockchain and other key areas.

4. Shandong Province has issued an action plan to support the cities of Jinan and Qingdao in creating a leading area for Blockchain industry development.

5. Jing'an District of Shanghai released the "2024 District Government Key Work Arrangement", proposing to build a "Blockchain + Big Data" underlying technology and data business ecosystem.

In terms of the development of the Blockchain industry:

1. The country's first international standard for liver and gallbladder based on Blockchain has been officially released.

2. The Metaverse Experience Center and the Metaverse Research and Practice Education Base in Weifang High-tech Zone, Shandong Province, were inaugurated.

3. Saudi Arabia launches the world's first national "metaverse" platform.

4. Chongqing Innovation Fund Application, "Blockchain + Government Services" Shows Results.

In terms of digital assets and industry regulation, multiple countries and regions have introduced new policies and regulations:

1. The EU prohibits the use of unverified self-custody crypto wallets for crypto payments.

2. The EU financial market regulator released the first final report under the MiCA regulation.

3. The Hong Kong Monetary Authority has issued guidelines for companies providing cryptocurrency custody services.

4. The Hong Kong Monetary Authority expects that the digital renminbi will further expand its pilot scope in Hong Kong.

5. Dubai DIFC issues new digital asset laws.

6. The EU has passed three main texts applicable to Crypto Assets in its anti-money laundering plan.

7. The UK FCA plans to introduce a regulatory system for market abuse in the crypto assets industry this year.

8. The Estonian government has approved the regulatory bill for encryption service providers.

9. The Hong Kong Monetary Authority launched a stablecoin issuer sandbox.

10. Indonesia's financial regulatory authority has released new regulations for Crypto Assets.

11. The Chengdu police remind to be wary of criminals using the excuse of public security agencies handling virtual currency to carry out fraud.

12. The European Central Bank executive plans to launch the digital euro CBDC in November 2025.

13. The South Korean Financial Commission will amend the Specific Financial Information Act.

14. The Nigerian Securities and Exchange Commission updates guidelines for crypto companies to curb criminal activities.

15. The Shenzhen Anti-Illegal Fundraising Office issued a risk warning regarding the "DDO Digital Options" business.

16. The UK is regulating meme coins related to crypto assets and other investments.

17. South African regulators issue the first Crypto Assets license.

18. The Nigerian Securities Regulator requires foreign crypto exchanges to register in the country.

19. Virginia, USA passes crypto-friendly legislation to establish a crypto task force.

In addition, some notable events occurred this month:

1. A certain network has launched the first web3 platform that combines investment and insurance.

2. The Nigerian government accuses a certain exchange of laundering an amount of 35.4 million dollars.

3. A woman in Hong Kong was scammed out of 7.1 million by an investment in a virtual currency scam over 7 months.

4. Data shows that the UK government holds approximately $4 billion worth of Bitcoin, totaling 61,000 coins.

5. A professor from the International Finance Institute of Fudan University stated that judicial authorities and the police have the right to pursue recovery in the "case of a Chinese British woman involved in money laundering."

6. The FATF Chairman stated that less than 30% of jurisdictions worldwide are regulating crypto assets.

7. According to foreign media reports, about 30% of the "gold farmers" in global blockchain games come from the Philippines, with incomes twice the minimum wage in the country.

8. Research shows that the "pig butchering" scam has stolen over $75 billion globally in the past four years.