In April 2025, crypto losses soared by 1,163% to a staggering $364 million, primarily driven by a significant Bitcoin phishing scam that netted $331 million. This sharp increase is notable as reported losses in March were under $29 million. The largest incident involved the theft of 3,520 Bitcoin from an elderly individual's wallet, which was executed through advanced social engineering techniques on April 30. The data, provided by blockchain security firm CertiK, indicated that excluding this hack, losses for the month would have been $34 million—a 21% rise from March. Additionally, $18.2 million was returned to victims from various exploits across protocols like KiloEx, Loopscale, and ZKsync. Phishing scams, underpinned by the major Bitcoin theft, were the predominant category of attacks amongst other methods like social engineering and price manipulation. April's losses reflect a broader trend after a decline in such incidents leading into the year, with previous incidents recorded at $1.53 billion in February. The urgency to enhance security in the crypto ecosystem has grown as major hacks continue to affect users.

Source 🔗