Crypto exploit, scam losses drop to $28.8 million in March after February spike

March saw a significant drop in crypto scam losses, with $28.8 million reported, down from $1.5 billion in February. This decline is attributed to fewer scams and the implementation of recovery actions.

Some recovery efforts were successful, including $5 million from a negotiated bounty agreement. However, vulnerabilities remain a risk, evidenced by $14 million in losses from code issues and wallet hacks.