Crypto scams, exploits, and hacks in India saw a significant drop in March, with losses totaling $28.8 million compared to February’s spike of $1.5 billion after the Bybit hack. According to blockchain security firm CertiK, code vulnerabilities resulted in over $14 million in losses, while wallet compromises led to theft of over $8 million. The most significant loss in March was the $13 million smart contract exploit of the decentralized lending protocol Abracadabra.money. The firm reported that an attacker was able to borrow and liquidate funds without repayment due to a flaw in the liquidation process. Despite efforts to recover funds, the protocols team is yet to provide public updates on the status. Another major loss was reported by the restaking protocol Zoth, where over $8.4 million was withdrawn by an attacker after compromising the deployer wallet. While some stolen funds were recovered in March, the total losses were estimated to be over $33 million. However, this figure does not account for an unknown Coinbase user who allegedly lost 400 Bitcoin worth $34 million. Additionally, phishing scams targeting crypto exchanges could have resulted in over $46 million in losses during the month. Australian federal police issued warnings about message scams targeting crypto users, while users reported receiving messages spoofing exchanges to trick them into setting up wallets controlled by fraudsters. The Indian crypto community remains vigilant against such threats to safeguard their investments.