March 2024 experienced a significant wave of security incidents in the cryptocurrency space, with over 30 hacks reported, leading to approximately $187.29 million in losses, marking a decrease of ~48% from February 2024. Notably, nearly $98.8 million of the stolen funds were successfully recovered by PeckShield. The most substantial of these incidents involved the Munchables platform, with $97 million recovered, and the CurioNetwork, which suffered considerable losses. A comprehensive study revealed that DeFi platforms faced over $336 million in digital funds losses in Q1 2024 alone. Security firms and blockchain analysts have highlighted these events, emphasizing the ongoing challenges and risks within the crypto and Web3 environments. Efforts to enhance security measures continue, as demonstrated by the recovery of stolen assets and the introduction of new security solutions aimed at preventing future hacks.