TechFlow News: On April 1, on-chain analyst PeckShield (@PeckShieldAlert) reported that the cryptocurrency sector experienced 20 major hacking incidents in March 2026, resulting in total losses of $52 million—up 96% month-on-month from $26.5 million in February. This month’s most notable risk is the “shadow contagion” effect, where a single incident triggers cascading bad debt across multiple protocols. Key incidents include:
- ResolvLabs ($USR) suffered an “infinite minting” attack due to an AWS KMS key management vulnerability, incurring losses of approximately $25 million; the price of USR plummeted 80%, triggering systemic bad debt across protocols including MorphoBlue, Euler, and Fluid;
- Venus ($THE) was hit by a combined on-chain and off-chain attack, leaving $2.18 million in bad debt;
- Prominent on-chain figure @sillytuna sustained both physical assault and coordinated on-chain attacks, resulting in $24 million in losses;
- A Kraken whale user (0xC551...acA21) lost $18 million due to a social engineering attack; hackers have already moved part of the stolen funds via Thorchain to HitBTC.
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