Currencies33509
Market Cap$ 3.44T+0.86%
24h Spot Volume$ 41.39B-20.9%
DominanceBTC60.56%+0.01%ETH8.87%-0.73%
ETH Gas0.80 Gwei
Cryptorank
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

Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave

Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave

Bitcoin ETFs saw their 2nd consecutive day of outflows, shedding $616 million in capi...
IMF presses Pakistan for clarifications over bold Bitcoin pivot

IMF presses Pakistan for clarifications over bold Bitcoin pivot

The International Monetary Fund (IMF) has criticized Pakistan’s decision to allocate ...
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

Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave

Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave

Bitcoin ETFs saw their 2nd consecutive day of outflows, shedding $616 million in capi...
IMF presses Pakistan for clarifications over bold Bitcoin pivot

IMF presses Pakistan for clarifications over bold Bitcoin pivot

The International Monetary Fund (IMF) has criticized Pakistan’s decision to allocate ...