2024

April

There was a noticeable decrease in losses from hacks and scams in the area of crypto in April, as reported by the security company, CertiK. 
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 <a href="https://twitter.com/hashtag/CertiKStatsAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">#CertiKStatsAlert</a> 🚨 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 <a href="https://t.co/zfSh8mabzJ" target="_blank" data-wpel-link="external">pic.twitter.com/zfSh8mabzJ</a>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1785262226430926997?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 30, 2024</a>
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CertiK had total losses of less than $26 million in April, which is 141% less than in March. API security is constantly raising the bar in protecting digital assets to eradicating hacking through private keys.&nbsp; 
Flash-loan-related attacks induced losses of more than $129,000 with the largest one causing damages of $55,000 marking the lowest since February 2022.&nbsp; 
Although the statistics in April presented a positive outlook, unfortunately, the first quarter recorded $336 million as a fraud and theft incident, based on Immunefi’s findings. This is a major decrease in Crypto scams from the previous, but it still highlights apparent security issues in DeFi. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/01/sec-seeks-billions-in-fines-from-terraform-do-kwon/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">SEC Seeks Billions in Fines from Terraform, Do Kwon</a> 
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CertiK: April Sees Decline in Crypto Hacking Losses

The Crypto Times

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