In April 2025, approximately $364 million was lost in the cryptocurrency industry due to hacks, scams, and exploits, according to cybersecurity firm CertiK. Most of these losses, totaling $337 million, were attributed to phishing attacks. A significant incident involved the theft of 3,520 BTC from an elderly U.S. citizen through a sophisticated phishing scheme. The stolen funds were quickly laundered through multiple exchanges. Additional notable incidents included $7.5 million taken from the decentralized exchange KiloEX via a price oracle exploit and $5.8 million from Loopscale. Fortunately, whitehat hackers managed to recover funds from these platforms. April's losses sharply contrast with March's total of $28.8 million; however, they are still minor compared to the staggering $1.5 billion stolen in February, primarily attributed to a hack by the North Korean group, Lazarus. The ongoing rise of phishing attacks underscores the need for enhanced security measures within the cryptocurrency space, prompting experts to advise increased scrutiny when verifying URLs and smart contracts before any transactions are made.

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