April 2025 has been one of the most challenging months for crypto investors. The total losses from thefts and scams significantly rose, striking the industry hard.
Surge in Losses in April
As of April 2025, losses in the crypto sphere increased by 1,163% compared to March, reaching $364 million. This information was presented in a report by blockchain security firm CertiK. Excluding one incident, the total losses in April amounted to $34 million, still a 21% increase from the previous month.
Theft of Bitcoin from Elderly Investor
The largest incident in April involved the theft of 3,520 Bitcoin from an elderly US individual, with an estimated value of approximately $330.7 million. According to on-chain investigator ZachXBT, the heist was conducted using advanced social engineering techniques.
Record Number of Token Failures
April also marked a record number of token failures, with 1.8 million tokens ceasing to trade, nearly half of all failures since 2021. CoinGecko analyst linked this spike to broader market instability following Donald Trump's inauguration in January 2025.
April 2025 has been a tough period for crypto investors, with significant losses and an increase in failed tokens. This highlights the growing need for improved security in the crypto industry.
