CertiK: Cryptocurrency hacking and fraud in April resulted in losses of $364 million

PANews
PANews|May 01, 2025 11:05
According to Decrypt's latest estimate, the cryptocurrency industry lost approximately $364 million in April due to hacker attacks, fraud, and vulnerability exploitation, with the vast majority ($337 million) related to phishing attacks. Most of the illegal gains stem from a single event, where attackers used complex social engineering techniques to steal 3520 bitcoins from wallets. In addition, decentralized exchange KiloEX lost $7.5 million due to a "price oracle vulnerability", Loopscale was stolen $5.8 million, and the Ethereum scaling protocol ZKsync airdrop contract was withdrawn nearly $5.3 million. However, all three platforms have recovered funds from white hat hackers. The losses in April increased significantly compared to March ($28.8 million), but it is still a small amount compared to the $1.5 billion losses caused by the North Korean hacker group Lazarus Group's attack on Bybit in February. Given the frequent occurrence of phishing attacks, CertiK reminds cryptocurrency companies and investors to verify the authenticity of the website and smart contracts before transferring funds. It also recommends using a cold wallet for storage and not sharing position information on social media.
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