Grand Base

Arbitrum

2024

April

when

<p class="is-style-lead">In April, crypto fraudsters stole $60.2 million,&nbsp;a 67% decrease from March.</p> 
<p>According to PeckShieldAlert, April saw a noticeable decline in crypto attacks, marking the first significant decline in 2024. The 67% drop marks a sharp&nbsp;decline&nbsp;from $187.6 million. In total, the hackers carried out around 40 attacks.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#PeckShieldAlert</a> In April 2024, the crypto space encountered ~40 hacks, resulting in losses totaling ~$60.2 million. <br>This marks a significant decrease of 67% from the losses recorded in March 2024. <a href="https://twitter.com/hashtag/Top5?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Top5</a> hacks:<a href="https://twitter.com/hashtag/HedgeyFinance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#HedgeyFinance</a>: ~$47.35 million, involving ~$44 million worth of… <a href="https://t.co/wKMg4ZMxSr" target="_blank" rel="">pic.twitter.com/wKMg4ZMxSr</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1785631890470572421?ref_src=twsrc%5Etfw" target="_blank" rel="">May 1, 2024</a>
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<p>The biggest incident in April was the hack of <a href="https://crypto.news/hedgey-finance-hacked-for-44-7m-on-arbitrum-ethereum/" rel="">Hedgey Finance</a>, a token infrastructure platform. On April 19, hackers took advantage of a vulnerability in the contract to receive Hedgey tokens on the Arbitrum network, stealing around $47 million.</p> 
<p>The second largest hack <a href="https://crypto.news/fixedfloat-reportedly-suffers-another-exploit-losing-2-8m/" target="_blank" rel="">was</a> the theft of $3 million worth of cryptocurrency from the Fix Float <a href="https://crypto.news/tag/exchange/" target="_blank" rel="">exchange</a> due to a vulnerability in a third-party service provider used by the platform.</p> 
<p>The third-largest attack on Grand Base <a href="https://crypto.news/grand-base-minting-sparks-rug-pull-concerns-as-token-plunges-99/" target="_blank" rel="">netted</a> hackers $2.67 million in digital assets, while the fourth-largest attack on Pike Finance resulted in $1.6 million in lost funds.</p> 
<p>In total, more than $401 million worth of <a href="https://crypto.news/tag/hack/" target="_blank" rel="">hacks</a> and <a href="https://crypto.news/tag/rug-pull/" target="_blank" rel="">rug pulls</a> have&nbsp;been committed&nbsp;in the crypto space since the beginning of the year, a 25.1% decrease compared to the same period last year, when more than $536 million worth of hacks were discovered, according to <a href="https://assets.ctfassets.net/t3wqy70tc3bv/2FlKal41QbUO206gQAcNOr/43ccdf6d0aed156a5d22320d7ab702bb/Immunefi_Crypto_Losses_In_April_2024.pdf" target="_blank" rel="">Immunefi</a>. </p> 
<p>In April, $53 million was lost to hacking and fraud across 21 incidents, down 46% from April 2023, when cybercriminals stole&nbsp;more than&nbsp;$98 million in digital assets.</p> 
<p> You might also like: <a href="https://crypto.news/certik-damage-from-hacks-scams-reaches-lowest-level-since-2021/" rel=""> CertiK: Damage from hacks, scams reaches lowest level since 2021 </a> </p>

Losses from crypto hacks drop 67% to $60m in April

crypto.news

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