Crypto worth over $ 100 million was lost in April by hacks and exploits: Certik

Crypto worth over $ 100 million was lost in April by hacks and exploits: Certik

According to the blockchain and smart contract security company Certified Kernel Tech (better known as Certik), crypto-related exploits, hacks and scams in April led to loss of $ 103 million.

The numbers for the past month are much less than the digital assets worth $ 211 million that skimmed off in March 2023.

Summary of the incidents in April

certik estimated that the overall amount that hackers could deduct from crypto projects last month, digital wealth values ​​worth around $ 103,6 million. Exit fraud led to 9.3 million, while Flash Derlehen attacks made almost $ 20 million.

Some of the most important incidents in April contained the $ 25 million, which were stolen by a large Ethereum maximum extractable value (mev) The victim of a so-called "sandwich attack". The event occurs when a perpetrator uses liquidity cracks to carry out profitable business at the expense of endangered users.

The hack on the Bitrue exchange is also worth mentioning. The company suffered A "short exploit" in one of its hot wallets in the beginning of the last month, which led to losses of ETH, QNT, GALA, Shib, Hot and Matic worth 23 million dollar. Bitrue paused withdrawals by April 18, "to carry out additional security controls" and assured that the remaining wallets are not affected.

Another crypto exchange that was faced with the same problem was the South Korean GDAC. Attacker compromised Preserver-Spaces = "True"> The GDAC Hot Wallet on April 10th and inserted over 60 BTC, 350.5 ETH, 10,000,000 Wemix and 220,000 USt at the time (together in the value of $ 13 million). The stolen amount made up around 23 % of the total assets of the platform.

GDAC took immediate measures and stopped deposits and withdrawals shortly after the hack was identified. It also worked with Korean authorities and competing companies to track down the criminals and resume the company.

other incidents that occurred in the last month, the $ 10.2 million yarn finance exploit, the 7.5 million dollar-dog-finance attack, are the $ 3,3 million sushi.

The March numbers were even worse

While the data of the last month regarding hacks and exploits in the world of cryptography may look dark, they are actually much better than in March. At that time culprit steel Digital currencies worth $ 211.5 million through 26 attacks.

The exploit of Euler Finance, which led to loss of almost $ 200 million, accounted for 93 % of the total amount. Hacker broke the security of the Defi protocol in mid-March and emptied the tokens in a flash loan attack.

Nevertheless, the perpetrator called "Jacob" until the end of the month and even with it to return some of the assets data preserver-spaces = "true"> apologized came back all means.

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