Insider Misconduct Accounted For 47% Of Losses In March Crypto Security Incidents: SlowMist

Exploits and other security incidents in the web3 space in March 2024 resulted in losses of around $139 million. (Credit: TheDigitalArtist/Pixabay)

KEY POINTS

• Overall losses in the web3 ecosystem reached $139 million in March, as per SlowMist
• The blockchain security firm added that smart contract flaws also resulted in millions of losses last month
• Among the biggest security hacks last month was at WOOFi and most recently, Prisma Finance

March saw 33 major security incidents in the web3 ecosystem that led to $139 million in total losses, and nearly 47% of the said incidents were linked to "insider" misconduct, a blockchain security firm said Monday.