Crypto hackers stole more than $52 million across 20 major incidents in March 2026. This marked a 96% surge from the $26.5 million in losses in February, according to PeckShield data.
The sharp increase in crypto hacks signals a return to elevated threat levels after what had been the lowest monthly total in 11 months.
“The real damage lies in the ‘Shadow Contagion,’” the post added.
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#PeckShieldAlert In March 2026, the crypto space saw 20 major hacks totaling $52M – a 96% MoM surge from February ($26.5M). But the real damage lies in the “Shadow Contagion”.#Tophacks:
– @ResolvLabs ($USR) De-peg: An AWS KMS breach enabled an 80M USR “infinite mint” (~$25M… pic.twitter.com/huohE79th6— PeckShieldAlert (@PeckShieldAlert) April 1, 2026
The Resolv Labs exploit was the most damaging event in March. According to Chainalysis, an attacker compromised Resolv’s cloud infrastructure to access Resolv’s AWS Key Management Service (KMS) environment. The exploit enabled the minting of 80 million unbacked USR tokens. USR crashed as a result.
“By the end of the attack, they had extracted approximately $25 million in ETH,” Chainalysis noted.
The fallout spread well beyond Resolv. USR’s crash caused bad debt across Fluid, Morpho Blue, and Euler Finance. A key alarming trend in March was the resurgence of physical and social engineering attacks.
Pseudonymous trader Sillytuna lost $24 million in early March after attackers used violence, weapons, and kidnapping threats. Moreover, a separate social engineering attack on a Kraken account holder drained roughly $18. million. Venus Protocol (XVS) closed the month, incurring $2.15 million in bad debt.
With Q1 2026 closing at over $164 million in total crypto losses, the shift toward hybrid and offline attack methods raises new questions about personal security for high-value holders.