$USDC Cryptocurrency losses skyrocketed by 1,163% in April, with most of the losses attributed to the wallet theft of an elderly American, according to blockchain security firm CertiK.
In a post published on April 30 on X, CertiK states that a total of $364 million was lost in April due to exploits, hacks, and scams, marking an increase from the $28.8 million recorded by CertiK in March.
The company added that white-hat exploiters had returned around $18.2 million from exploits in the cryptocurrency protocols KiloEx, Loopscale, and ZKsync, which reduced the total for the month.
The largest hack of April, and the fifth to date, affected an elderly American who lost 3,520 Bitcoin
BTC
85,127 €
, valued at $330.7 million. The Bitcoins were stolen from his wallet after a hacker employed advanced social engineering tactics to gain access on April 30.
Excluding that attack, cryptocurrency losses in April amounted to $34 million, a 21% increase from March.
According to CertiK, phishing scams, bolstered by Bitcoin theft, were the main culprits behind the losses, while social engineering, access control hacks, and price manipulation exploits rounded out the four types of attacks that stole the most value.
