April 2024 Crypto Hacks Decrease, but Losses Raise Ongoing Concerns
Monday, 6 May 2024, 13:00
April 2024 Crypto Losses: Down Overall, But Still Significant This Week
In April 2024, the crypto sector witnessed a remarkable reduction in the frequency of hacks, with incidents decreasing by over 65%. However, the financial impact of these breaches remains alarmingly high.
SlowMist Weekly Security Report Highlights
- The total losses from crypto-related security incidents in the week amounted to $71.39 million.
- A substantial event involved a crypto whale losing 1,155 WBTC, valued at approximately $70 million.
Despite the decline in attacks, the persistent risks due to cybersecurity complexities and high stakes in the crypto market continue to threaten investors, emphasizing the critical need for enhanced security measures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.