In April 2025, the cryptocurrency market faced a sharp increase in losses, reaching $364 million due to fraud and theft.
Overall Losses in April
According to Certik, losses in the crypto industry in April 2025 increased by 1163% compared to March.
Classification of Thefts
The 5th largest theft was related to social engineering, where an individual in the U.S. lost over $300 million in Bitcoin. Certik reported that most of the losses were due to phishing ($337,376,967), followed by access control, price manipulation, and private key compromise.
Impact of Fraud on the Market
Despite significant losses, the cryptocurrency market shows resilience. By 2025, $1.74 billion has already been stolen, which is four times more than in 2024. Some exchanges offer reimbursements to clients for losses, helping mitigate long-term consequences of fraud.
The crypto industry continues to face challenges but is still showing signs of growth. Revenue is expected to rise to $343.5 million in 2024.
