The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April.
The collective value of cryptocurrency compromised by hacking plummeted by 67% in April to $60.2 million. This marks a notable reduction in crypto attacks, representing the first significant decline this year.
The fall of 67% marks a sharp decline from the $187.6 million hacked in March, which pales in comparison to the $360.8 million worth of hacked digital assets in April, according to a May 1 XThe monthly total of $60.2 million was stolen from 40 individual hacking incidents. Hacks and exploits have been among the main issues plaguing trust in cryptocurrencies along with mainstream adoption., a token infrastructure platform, represented the largest incident in April.
According to Immunefi’s figures, $53 million was lost to hacks and fraud across 21 incidents in April, representing a 46% decrease from April 2023, when attackers stole over $98 million worth of digital assets.
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