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Bitcoin Security Concerns Rise as Crypto Hacks Surge in April

Bitcoin Security Concerns Rise as Crypto Hacks Surge in April

Published:
2025-05-07 09:50:08
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In April 2025, the cryptocurrency market witnessed a dramatic spike in hacking incidents, with losses soaring to $357 million across 18 major breaches. This marks an elevenfold increase from March, highlighting ongoing security vulnerabilities despite notable recoveries by platforms like zkSync and KiloEx. Below is a detailed analysis of the trends and implications for Bitcoin and the broader crypto ecosystem.

Crypto Holders Lost $357M to 18 Major Hacks in April

After a sharp decline in March, cryptocurrency thefts surged nearly elevenfold in April, with hackers stealing approximately $357.11 million across 18 major incidents. PeckShield data reveals a volatile trend, with losses totaling $87.25 million in January, $1.51 billion in February, and $33.46 million in March.

Notable recoveries included $14.4 million reclaimed by @zksync, @KiloEx_perp, and @term_labs. The largest single breach involved an unauthorized $330.7 million BTC transfer, underscoring persistent security vulnerabilities in decentralized ecosystems.

Best Crypto to Buy Now with Layer 2 Options Primed to Rally

Institutional adoption of Bitcoin continues to surge, with BTC ETF holdings now exceeding $100 billion. Binance founder Changpeng Zhao predicts a staggering Bitcoin price target of $500,000 to $1,000,000 in the upcoming bull run.

Bitcoin Pepe emerges as a standout in the Bitcoin Layer 2 ecosystem, leveraging its viral presale to introduce meme coins to the BTC network through its innovative PEP20 token standard.

Bitcoin’s ascent is being fueled by ETF adoption, attracting both institutional and retail investors. The cryptocurrency is not just gaining attention—it’s fundamentally altering global investment strategies. Bitcoin ETFs have played a pivotal role in accelerating this financial revolution.

Bitcoin Whales Accumulate 81K BTC as Retail Traders Sell Off

Bitcoin whales are quietly increasing their holdings while retail traders exit positions, signaling diverging market sentiment. Wallets holding between 10 and 10,000 BTC added 81,338 coins over the past six weeks—a 0.61% increase—according to Santiment’s May 7 on-chain data.

Smaller wallets holding less than 0.1 BTC sold 290 BTC during the same period. The accumulation pattern among large holders suggests growing confidence in Bitcoin’s long-term prospects, with Santiment noting the trend aligns with potential moves toward $100,000 BTC.

BlackRock Expands Bitcoin Holdings Amid Institutional Accumulation Wave

BlackRock has significantly increased its stake in the iShares Bitcoin Trust (IBIT), with holdings now reaching $314 million—a 124% surge since November. This move signals deepening institutional conviction in Bitcoin as a strategic asset, mirroring broader corporate adoption trends.

MicroStrategy continues its aggressive accumulation strategy, purchasing over $1 billion worth of Bitcoin recently. The institutional rush coincides with landmark regulatory developments, including New Hampshire becoming the first U.S. state to authorize Bitcoin as a reserve asset for treasury holdings.

Market observers speculate whether this institutional demand could propel BTC toward the $100,000 threshold. The growing participation of heavyweight investors like BlackRock lends credence to Bitcoin’s maturation as a mainstream financial instrument.

Metaplanet Expands Bitcoin Holdings with 555 BTC Purchase, Plans Additional Debt Sale for Further Acquisitions

Japanese investment firm Metaplanet has significantly bolstered its Bitcoin reserves, adding 555 BTC to its holdings at a cost of 7.63 billion yen ($53.5 million). The Tokyo-based company now controls 5,555 BTC—the largest stash among public companies outside North America, according to Bitcoin Treasuries.

Metaplanet’s aggressive accumulation strategy continues with plans to issue a second $25 million bond offering to EVO FUND, mirroring a recent identical transaction. The zero-coupon bonds mature on November 6, providing fresh capital for additional Bitcoin purchases. This financial engineering follows an 11.5% surge in Metaplanet’s share price to 477 yen ($3.33) on Wednesday.

Bitcoin (BTC) Price Eyes $100K Breakout to All-Time High if This Support Holds

Bitcoin’s price surged past $96,600, marking a 2.33% gain as Optimism builds ahead of the FOMC meeting and positive developments in US-China trade talks. The cryptocurrency now targets a decisive breakout above $100,000, potentially setting fresh all-time highs.

Bitfinex analysts highlight that sustained support at current levels could propel BTC to unprecedented valuations. Market sentiment remains bullish, with traders closely monitoring macroeconomic cues and institutional inflows.

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