CryptoWorld News reports that, according to on-chain security firm PeckShield, there were a total of 20 major security incidents in the crypto market in March, with hacker attacks and exploitations causing total damages of $52 million, a 96% increase from $26.5 million in February. The largest single loss was due to a contract vulnerability in stablecoin issuer Resolv Labs. Additionally, in March, there was an extreme violent robbery targeting crypto influencers, where platform user Sillytuna was physically threatened and lost approximately $24 million worth of aEthUSDC, which was later laundered through Bitcoin, Monero, and multiple Layer 2 networks. As attack methods evolve, the destructive impact of security vulnerabilities on the ecosystem becomes increasingly evident. Previously, the DeFi protocol Balancer, which was hacked for $128 million, was forced to shut down its laboratory team last week.

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