As a seasoned crypto investor who has witnessed the ups and downs of this volatile market, I find the recent decrease in cybersecurity incidents and resulting losses to be a welcome development. However, the numbers reported by CertiK are still alarming, with $25.7 million lost in April alone. The fact that most of these losses were due to hacks in defi attacks is particularly concerning for me.
In the month of April 2024, the financial toll caused by cybersecurity threats like exploits and scams reached a total of $25.7 million.
According to CertiK’s assessment, the present level is the smallest it has been since the year 2021. The reduction in financial losses caused by cybersecurity breaches amounts to a staggering 141% since March.
As a crypto investor, I’ve received a #CertiKStatsAlert with concerning news. In the past month of April, approximately $25.7 million was lost due to exploits, hacks, and scams in the cryptocurrency space. This is the lowest amount we’ve seen since 2021. The decrease represents a significant decline of 141% compared to March.
— CertiK Alert (@CertiKAlert) April 30, 2024
As a researcher studying cryptocurrency security breaches, I’ve discovered that the majority of losses result from hacks. Specifically, approximately $21 million was taken in decentralized finance (DeFi) attacks. The most notable incident occurred with the FixedFloat project. Unfortunately, this project was targeted again by the same attackers who had previously breached it in February 2024.
As a researcher studying cybercrime trends, I’ve discovered that exit scams ranked second in terms of financial damage, with a total loss of approximately $4.3 million. Instant loans, another significant issue in this category, experienced a compromise amounting to around $129,000.
Experts observed in their report that crypto casino ZKasino was absent due to the unverified allegations of a rug pull incident. As of now, it’s projected that approximately $32 million have been stolen in this potential scam. The ZKasino team is accused of amassing 10,515 ETH during the ZKAS token pre-sale. On April 20th, funds were moved to another wallet, withdrawals were halted, and the Telegram chat was shut down.
Based on DefiLlama’s figures, the overall financial damage caused by cryptocurrency hacks amounted to more than $7.7 billion as of April 1, 2024. This represents a decrease of approximately 23% in terms of incident numbers when compared to the same period last year.
According to available data, defi protocols have experienced the greatest financial losses totaling $5.8 billion due to hacking activities since 2016.
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2024-04-30 17:00