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April’s Crypto Wake-Up Call: $364M Lost to Scams, Hacks & Phishing
April’s Crypto Wake-Up Call: $364M Lost to Scams, Hacks & Phishing
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April delivered a harsh reminder of crypto’s vulnerabilities as investors lost $364 million to exploits, with phishing attacks accounting for $337 million of the total. Blockchain security firm CertiK reports the month ranks among 2024’s most damaging periods for digital asset security.
White-hat hackers recovered approximately $18.2 million, offering a silver lining to the otherwise bleak landscape. The figures underscore persistent security challenges despite growing institutional adoption of blockchain technology.
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