$BTC $ETH $BNB According to CertiK (as cited by Decrypt), April 2024 recorded total losses of $364 million from hacks, scams, and exploits in the cryptocurrency space.

Main Cause Analysis:

  1. Phishing Attack – $337 Million (92.5%)

    • Biggest event: The attacker used social engineering techniques to steal 3,520 BTC (equivalent to ~ $220 million) from a personal wallet.

    • Method: Faking a website/cryptocurrency wallet to lure victims into entering seed phrases or signing malicious transactions.

  2. Notable Exploits:

    • KiloEX (DEX): Lost $7.5 million due to price oracle error, but was refunded by whitehat group.

    • Loopscale: $5.8 million loss, later recovered the funds.

    • ZKsync (Ethereum Layer 2): Lost $5.3 million from the airdrop contract, but was also intervened by whitehat.

  3. Comparison With Previous Months:

    • March: $28.8 million (mainly due to smart contract hack).

    • February: $1.5 billion (mainly from the Bybit attack by the North Korean hacker group Lazarus Group).

Recommendations From CertiK:

🔹 Businesses/Investors need:

  • Check the URL and smart contract carefully before interacting.

  • Prioritize using a cold wallet for long-term storage.

  • Do not share asset information on social media.