$364 Million Lost in April to Crypto Hacks, Scams: CertiK
In April, approximately $364 million was lost to crypto hacks, scams, and exploits, with $337 million attributed to phishing attacks. A significant portion of the losses stemmed from a single incident involving the theft of 3,520 BTC from an elderly U.S. individual, who had held the crypto since 2017. The stolen funds were laundered through multiple exchanges, causing a 50% surge in Monero's price. Other notable incidents included a $7.5 million attack on KiloEX due to a price oracle exploit and $5.8 million stolen from Loopscale. All affected platforms managed to recover some funds through white-hat hackers. April's losses marked a substantial increase from March's $28.8 million but were lower than February's record $1.5 billion theft linked to North Korean hackers. CertiK reported a 303% increase in thefts from January to March, emphasizing the ongoing rise in phishing attacks and the need for enhanced security measures among crypto users.
