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MainNewsCrypto Holde...

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


by Wahid Pessarlay
for Coinspeaker
Crypto Holders Lost $357M to 18 Major Hacks in April

Coinspeaker
Crypto Holders Lost $357M to 18 Major Hacks 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.

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

Read the article at Coinspeaker

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MainNewsCrypto Holde...

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


by Wahid Pessarlay
for Coinspeaker
Crypto Holders Lost $357M to 18 Major Hacks in April

Coinspeaker
Crypto Holders Lost $357M to 18 Major Hacks 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.

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

Read the article at Coinspeaker

Read More

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