Crypto losses Surged Following The Fifth-Largest Hack in History

Crypto losses surged by 1,163% throughout April, predominantly due to a single theft from an elderly individual’s wallet in the US, according to blockchain security firm CertiK.

CertiK reported in a post on X dated April 30 that a total of $364 million was lost to hacks, exploits, and scams during April, a significant increase from the $28.8 million documented in March.

The company further noted that ethical hackers recovered approximately $18.2 million from exploits involving the crypto protocols KiloEx, Loopscale, and ZKsync, which contributed to lowering the month’s overall total.