April 2023 witnessed crypto losses reaching $364 million, a staggering rise from March’s $28.8 million. Most losses stemmed from a single hack where an elderly victim lost 3,520 Bitcoin. Despite the substantial losses, recovery efforts led to $18.2 million in funds being returned. February remains the year’s most costly month overall, with $1.53 billion lost due to major incidents.
In April 2023, the cryptocurrency landscape faced a daunting challenge, as losses from hacks and scams escalated dramatically, totalling an eye-watering $364 million. This figure marks a staggering increase of 1,163% compared to the $28.8 million in losses reported the previous month, March. The emergence of one particularly egregious incident, involving an elderly American, contributed significantly to these dire statistics, which were revealed in a post from blockchain security firm CertiK on April 30.
