Despite positive trends in the security of the cryptocurrency market, several significant incidents of hacking and fraud over the past month have still led to significant financial losses. For example, Memecoin Condom advertised a pre-sale address on the Solana network, which attackers used to siphon funds from unknowing users. As a result of this attack, approximately $933,000 in cryptocurrency was lost.
It's also worth noting that the Bitcoin Lightning Network exchange FixFloat experienced a major hack on April 1 that resulted in approximately $3 million in damage. This is the second time this exchange has been attacked in 2024; the previous incident occurred in February.
Of the $25.7 million in total losses reported for the month, a significant portion, $21 million, was attributed to exploits. However, only three of these violations resulted in damage exceeding $1 million. Term loan attacks resulted in $129,000 in losses, with the largest incident causing $55,000 in damages. This is the lowest level of term loan attacks since February 2022, according to CertiK. In addition, 13 cases of exit scam occurred during the month, which is 40% less than in March.
CertiK noted that the figures mentioned do not include the ZKasino project, which has become the subject of controversy due to the inability of investors to withdraw their funds. Although the report mentions that the project is at the center of discussion, its actions have not yet been classified as fraud. CertiK said it would update its data if ZKasino's misbehavior is confirmed. On
April 22, ZKasino moved funds to the Lido protocol, which caused outrage among many users.