March 2023 Monthly Report

## Executive Summary The CertiK March 2023 Web3 security report documents $240.5M in losses across 76 incidents, dominated by a ~$197M Euler Finance flash-loan exploit that abused Euler's mint() and donateToReserves() logic; other notable items include a $4.5M Kokomo Finance exit scam, 14 flash-loan attacks accounting for ~$206.3M in losses, and phishing/drainer campaigns (Monkey Drainer and successors) responsible for numerous Discord compromises and multi-million dollar token approvals.