**Crypto Scams and Hacks Drop in March, But Threats Persist**

- March saw a significant decline in crypto-related losses, totaling $28.8 million, compared to February's $1.5 billion spike, largely due to the Bybit hack.

- Code vulnerabilities led to over $14 million in losses, with wallet compromises accounting for $8 million, according to CertiK.

- The biggest hit was a $13 million exploit of Abracadabra.money's smart contract on March 25.

- Some funds were recovered, including a $5 million return facilitated by 1inch after a bug bounty negotiation.

- Despite these recoveries, phishing scams and wallet compromises remain a concern, with ongoing threats targeting crypto users.