Svmuu News Blockchain security firm PeckShield released a report stating that in March 2026, the crypto industry experienced 20 major security incidents, with cumulative losses reaching $52 million, a 96% increase from the $26.5 million in February. However, the report points out that a greater risk lies in the "Shadow Contagion" triggered by attacks, which refers to chain-reaction systemic risks. Specifically:
1. The stablecoin USR, issued by Resolv Labs, experienced a de-pegging event. Due to 80 million USR being "infinitely minted," it caused approximately $25 million in losses, further triggering systemic bad debt in protocols such as Morpho Blue, Euler, and Fluid.
2. Venus suffered a complex attack combining on-chain and off-chain elements, leading to approximately $2.18 million in bad debt losses.
The report also notes that security threats are expanding from on-chain to real-world and social engineering levels. For example, a user named Sillytuna fell victim to an attack combining offline and on-chain methods, resulting in a $24 million loss; another large Kraken user lost $18 million due to a targeted social engineering attack.