Losing hacks and scams rose in April, with one incident for most damage.
In April, the crypto sector lost no less than $ 364 million in exploits, scams and hacks, an increase of 1,163% of the $ 28.8 million registered in March, according to a April 30 X from blockchain security firm Certik.
The Golf was largely powered by a single attack aimed at an older American, who lost 3,520 Bitcoin worth $ 330.7 million.
As previously reported by crypto.news, the attacker reportedly used advanced social engineering tactics to gain access to the victim’s wallet, making it the fifth largest crypto-theft ever registered.
Exclusive that incident amounted to the losses of April $ 34 million, which still represents an increase of 21% compared to the previous month. Certik identified phishing, access control -exploits, social engineering and price manipulation as the primary attack vectors.
Some losses were limited by successful recovery efforts by affected protocols and hackers of white hat.
According to Certik, around $ 18.2 million in stolen funds were recovered in the course of April. This included full reimbursements to Kiloex, which had suffered an exploit of $ 7.5 million, but saw the funds return only four days later.
ZKSync Association has also reclaimed $ 5 million in stolen tokens after an infringement of its AirDrop distribution contract. According to ZKSync, the attacker agreed to return all funds in exchange for a premium of 10%.
Likewise, Defi Protocol Walkcale succeeded in reclaiming all the assets stolen in an attack that exploited the vulnerabilities in its token price functions. The platform recovered $ 5.8 million after directly negotiating with the attacker, who agreed to return the funds in exchange for a whitehat premium of 10% and immunity of legal action.
Although April saw a strong increase in losses, February remains the most expensive month of the year to date.
As Crypto.news reported earlier, February saw crypto losses rise to $ 1.53 billion, almost completely driven by two major incidents. The operation of $ 1.46 billion on crypto exchange bybit was responsible for the majority of losses, while Stablecoin -emittent Infini lost $ 49.5 million in a separate attack.
