CertiK Reports Record Low Cryptocurrency Losses in April

According to CertiK experts, the cryptocurrency market experienced its lowest monthly loss from various cybercrimes in April since the company began monitoring in 2021.

#CertiKStatsAlert ?

Combining all the incidents in April we’ve confirmed ~$25.7m lost to exploits, hacks and scams.

The lowest figure we’ve recorded, dating back to 2021.

A 141% decrease from March

Exit scams: ~$4.3m
Flash loans: ~$129k
Exploits: ~$21m

More details below pic.twitter.com/zfSh8mabzJ

— CertiK Alert (@CertiKAlert) April 30, 2024

Confirmed breaches, exploits, and scams resulted in a total loss of approximately $25.7 million. This figure represents a 141% decrease compared to March.

Detailed incident statistics:

• exit scams — around $4.3 million in losses;
• flash loan scams — $129,000;
• exploits — $21 million.

In March, according to PeckShield, crypto projects lost assets worth $187 million due to breaches, a 48% decrease from the previous month.

Research by Immunefi indicates that in the first quarter, fraud and hacking attacks resulted in industry losses of $336 million. All losses were linked to the DeFi sector.