Crypto Hacks Cost $364 Million April

Crypto Hacks and Scams Result in $364 Million Loss in April

• Approximately $364 million was lost to crypto hacks, scams, and exploits in April.
• Phishing attacks accounted for $337 million of the total losses.
• A single incident involved the theft of 3,520 BTC from an elderly U.S. individual.
• $18.2 million was recovered by white-hat hackers from platforms like KiloEX, Loopscale, and zkSync.
• The price of Monero surged by 50% after funds were laundered through exchanges.

In April, crypto-related losses soared to $364 million, with phishing attacks contributing significantly. A notable case involved the theft of 3,520 BTC from a U.S. individual using social engineering tactics.