In March 2025, phishing scams targeting Coinbase users resulted in estimated losses exceeding $46 million, with one victim reportedly losing 400 Bitcoin (BTC). This figure is part of a broader trend in the cryptocurrency sector, which saw over 60 hacks in the first quarter of 2025, leading to total losses of approximately $1.63 billion, a 131% increase from $706 million in the same period last year. The total losses in March alone were reported at $28.8 million, which includes $4.5 million attributed to phishing incidents. Notably, the 1inch Resolver incident returned around $4.8 million of the lost funds. The rise in scams and hacks has raised concerns about security in the crypto market, prompting calls for increased vigilance among users. As the industry grapples with these challenges, investment activity has surged, with crypto venture funding reaching $3.5 billion in March, the highest since March 2022.