Tuesday, May 30, 2023
HomeCryptocurrency NewsApril’s crypto scams, exploits and hacks lead to $103M lost — CertiK

April’s crypto scams, exploits and hacks lead to $103M lost — CertiK


The sum lost during the month accounted for half of all the cryptocurrency that has been hacked in 2023, making it a particularly disastrous month for exploits.

Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month.

On April 30, crypto security and auditing firm CertiK posted an April roundup of crypto exploits, scams, and hacks, revealing total funds lost in April was $103.7 million, bringing the year-to-date total loss to $429.7 million.

The month was particularly marred with major crypto exploits, such as $25.4 million lost due to an exploit of several MEV trading bots on April 3, $22 million stolen in a hot wallet exploit at the Bitrue exchange and the hack of South Korean GDAC exchange leading to a loss of $13 million.

The total lost to crypto and DeFi exploits in the month amounted to $74.5 million, making up around half of the total $145 million exploited in the first four months of the year, according to CertiK.


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