Crypto losses spike 1,100% in April with 5th-largest-ever hack: CertiK
Crypto losses surged by 1,163% in April, totaling $364 million, primarily due to a significant heist involving an elderly US individual who lost 3,520 Bitcoin (BTC), valued at $330.7 million. This incident was attributed to advanced social engineering tactics. Excluding this hack, losses for April were $34 million, a 21% increase from March. Phishing scams were identified as the main cause of losses, followed by social engineering, access control hacks, and price manipulation exploits. In contrast, February recorded the highest losses of $1.53 billion, largely from the Bybit hack by North Korea’s Lazarus Group. Over $18 million was returned in April from various exploits, including a full recovery of funds from KiloEx and partial recoveries from ZKsync and Loopscale.
