The post Crypto Market Incurs $357M Loss In 18 Hacks Throughout April appeared on BitcoinEthereumNews.com.

April 2025 has turned out to be another month of significant turbulence in the crypto market. As per the data from PeckShieldAlert, a prominent blockchain security entity, eighteen notable crypto exploits took place during April, resulting in significant losses of up to $357.11M in total. The blockchain security firm took to social media to disclose this enormous crypto loss. March Sees 7.11M in Crypto Losses, Unauthorized Bitcoin Transaction Account for 92% The details provided by PeckShieldAlert highlight a cumulative $357.11M loss in the wider crypto market during April 2025. However, unauthorized Bitcoin ($BTC) transactions has accounted for up to 92% of the total crypto losses of April. The hacking incidents led to a massive $330.7M in damages. The investigation into this event signifies a potential security lapse and likely compromise of wallet credentials. Irrespective of these large-scale losses, several recovery efforts have also remained effective. Particularly, a cumulative $14.4M in stolen crypto funds was effectively regained during April. The respective recoveries were driven by Term Labs, KiloEx, and ZKsync.  Each of these entities has played an active role in detecting and recovering the crypto assets via law enforcement operations and on-chain negotiations. KiloEx and ZKSync’s Effectively Recovered Stolen Funds According to PeckShieldAlert, the notable crypto exploits of April include a Bitcoin unauthorized transaction, KiloEx exploit, Loopscale breach, MorphoLabs attack, and ZKsync. Particularly, unauthorized $BTC transfer led to $330.7M in losses. Apart from that, KiloEx went through a loss of nearly $7.5M, which was completely recovered. Additionally, the Loopscale breach saw $5.8M in total losses. Moreover, the ZKsync exploit experienced a loss of $5.4M, which was recovered afterwards. Furthermore, the MorphoLabs attack went through a $2.6M in overall loss. Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and…

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Filed under: News - @ May 7, 2025 5:23 pm