According to the blockchain and smart contract security firm Certified Kernel Tech (better known as CertiK), crypto-related exploits, hacks, and scams in April resulted in losses worth $103 million.

The figures for last month are a lot less than the $211 million worth of digital assets which wrongdoers siphoned throughout March 2023.

Summarizing the Incidents in April

CertiK estimated that the total amount hackers managed to drain last month from crypto projects was approximately $103.6 million worth of digital assets. Exit scams resulted in 9.3 million, while flash loan attacks accounted for almost $20 million. 

Some of the major incidents in April include the $25 million stolen from a large Ethereum Maximal Extractable Value (MEV) bot that became a victim of a so-called “sandwich attack.” The event occurs when a perpetrator exploits liquidity cracks to execute profitable trades at the expense of vulnerable users. 

The hack on the Bitrue exchange is also worth mentioning. The company suffered a “brief exploit” in one of its hot wallets at the beginning of last month, resulting in losses of $23 million worth of ETH, QNT, GALA, SHIB, HOT, and MATIC. Bitrue paused withdrawals until April 18 “to conduct additional security checks” and assured that the remaining wallets were unaffected.