In March, the crypto industry suffered $52 million in security losses, up 96% month-over-month.

Gate News message. On April 1, the blockchain security firm PeckShield released a report stating that in March 2026, the crypto industry saw 20 major security incidents in total, with cumulative losses reaching $52 million, representing a 96% month-over-month increase from February’s $26.5 million. The report pointed out that the bigger risk lies in “Shadow Contagion” triggered by attacks, meaning cascading systemic risks. Specifically: Resolv Labs’ stablecoin USR suffered a de-pegging incident. Due to the “infinite minting” of 80 million USR tokens, it caused an estimated $25 million loss, which further led to systemic bad debts across protocols such as Morpho Blue, Euler, and Fluid. In addition, Venus experienced a complex attack combining on-chain and off-chain vectors, resulting in an estimated $2.18 million bad debt loss. The report also noted that security threats are expanding from on-chain to real-world and social-engineering layers. The user Sillytuna was hit by an event combining offline and on-chain attacks, with losses of $24 million. Separately, a large holder on a certain CEX lost $18 million due to a targeted social engineering attack.