Crypto losses surged by 1,163% in April 2025, amounting to $364 million, primarily due to a significant phishing scam resulting in the theft of 3,520 Bitcoin valued at $330.7 million from an elderly US wallet. This incident, which occurred on April 30, is noted as the fifth largest hack in crypto history. Blockchain security firm CertiK reported that losses grew sharply from under $29 million in March. Apart from the major heist, the month saw $34 million lost in various exploits and scams, marking a 21% increase from March. CertiK highlighted that $18.2 million was returned from protocols like KiloEx and Loopscale following their hacks. Phishing scams were identified as the leading cause of losses, while social engineering and access control hacks also contributed significantly. Despite a rise in losses, the final days of 2024 had seen a decline in total scams, with only $28.6 million lost in December. The security landscape remains a concern as vulnerabilities persist in the decentralized finance space.

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