April 2025 turned out to be a month of significant losses in the cryptocurrency market. According to PeckShieldAlert, eighteen major exploits occurred in this period, resulting in $357 million in total losses.
Overview of Losses
PeckShieldAlert reports a total loss of $357.11 million in the cryptocurrency market during April. Among these, unauthorized Bitcoin ($BTC) transactions accounted for 92% of the total losses amounting to $330.7 million.
Major Incidents and Recovery
Notable incidents include unauthorized Bitcoin transactions, the KiloEx exploit, Loopscale breach, MorphoLabs attack, and ZKsync vulnerability. These attacks resulted in significant losses; however, some of them were able to be fully recovered.
Details on Recovered Funds
Despite massive losses, $14.4 million in stolen funds was successfully regained in April. Key players in this recovery process included Term Labs, KiloEx, and ZKsync, which accomplished recovery through law enforcement operations and on-chain negotiations.
April 2025 serves as a symbol of instability in the cryptocurrency market, marked by significant losses and a few successful recovery efforts. These incidents highlight the need for increased security in the cryptocurrency industry.
