In April 2024, the total damage caused by cybersecurity incidents, including exploits and scams, reached $25.7 million, according to experts at CertiK. This figure represents the lowest amount seen since 2021, with losses from cybersecurity exploits dropping by 141% compared to March.
The majority of the losses were attributed to hacks, particularly in defi attacks, where $21 million was compromised. The most notable incident in this category was the attack on the FixedFloat project, which was hacked once again earlier this month. The team revealed that the same attackers responsible for compromising the project in February 2024 were behind the recent breach.
Exit scams ranked as the second most costly exploit, resulting in a total loss of $4.3 million. Instant loans followed as the third most expensive incident, with $129,000 compromised.
Although the report did not include details on the suspected rug pull at the crypto casino ZKasino, it is estimated that $32 million has been lost in the alleged scam. The ZKasino team reportedly raised 10,515 ETH during the ZKAS token presale. However, on April 20, funds were transferred to another address, withdrawals were blocked, and the Telegram group was shut down.
According to DefiLlama data, as of April 1, total losses from cryptocurrency hacks surpassed $7.7 billion, despite a 23% decrease in incidents during the first quarter of 2024 compared to the previous year. The data also revealed that defi protocols have experienced the most significant losses since 2016, with hackers stealing $5.8 billion from defi projects over a span of seven years.
In a related development, the Lazarus Group hackers have introduced a new method for cyber attacks.