Crypto Holders Lost $357M to 18 Major Hacks in April

Key Notes

• The crypto ecosystem lost over $350 million to hacks in April.
• A suspicious Bitcoin transaction leads the chart.
• 18 major hacks were recorded in April.

Following a significant decline in March, the amount of crypto assets lost to hackers again rose by almost 11 times in April.

According to data from PeckShield, hackers stole roughly $357.11 million from crypto holders in April. In total, 18 major hacks were recorded.

PeckShield says the amounts of crypto lost to hacks in January, February, and March were $87.25 million, $1.51 billion, and $33.46 million, respectively.

An unauthorized Bitcoin

BTC
$96 611



24h volatility:
2.1%


Market cap:
$1.92 T



Vol. 24h:
$29.09 B



transaction is leading the list with $330.7 million lost to fraudulent actors. The $7.5 million lost in the KiloEx decentralized exchange hack and $5.4 million in the ZKsync exploit have been reportedly recovered.

Coinspeaker reported that Binance, the largest crypto exchange by trading volume, helped KiloEx recover $6.1 million of the lost funds.

Loopscale, a decentralized finance lending protocol, also lost $5.8 million to a breach on April 26. Two days later, the firm announced that 90% of the funds had been returned in exchange for a 10% bounty to the hacker.

MophoLabs, another decentralized lending protocol, secured the fifth spot on the list with a $2.6 million exploit last month.

In February, the crypto ecosystem witnessed its largest hack. Bybit, a leading cryptocurrency exchange, lost $1.4 billion worth of Ethereum

ETH
$1 845



24h volatility:
2.6%


Market cap:
$222.72 B



Vol. 24h:
$14.22 B



to the North Korean hackers, known as the Lazarus Group.

So far, there haven’t been any updates regarding a potential fund recovery. According to a Coinspeaker report, the attackers have already swapped $1.2 billion from ETH to BTC.

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