The losses in the crypto market in April 2025 have grown by 1,163%, yet the stolen amount in March 2025 was $28.8 million. As per Certik, a major portion of the total stolen amount in the 4th month of 2025 is attributed to the theft that occurred with an individual from the United States who lost 3,520 Bitcoins.
According to a X post by Certik dated April 30, 2025, total amount lost in April is $364 million from scams, frauds and hacks. In the same post the company noted that the total amount mentioned is excluding $18.2 million that has been returned.
It is worth noting that KiloEx, Loopscale, and ZKsync have collectively recovered $18.2 million in stolen funds with the help of white hat hackers.
The 5th largest hack troubled April at Verge
ZachXBT informed in its April 28, 2025, X post that an individual in the United States has lost Bitcoin worth over $300 million in a social engineering scheme technique, and after the hack, a ripple effect was seen in the trading prices of Monera.
The theft of U.S individuals is termed as the 5th biggest and most prominent crypto wipeout. Certik’s detailed report notes that by category, phishing resulted in losses of $337,376,967, followed by access control $7,735,153, price manipulation $6,553,323, private key compromise $5,597,625, and code vulnerability amounting to $5,010,396.
In April 2025, losses by type include social engineering, which resulted in losses of $336,015,814, followed by DeFi at $171,120,156, lending $7,461,614, address poisoning for $1,361,152, and GameFi with $51,848.
It is worth noting that flash loan scams in crypto have grown in April compared to January, February and March of this year, total losses from flash scam in the just passed months was nearly $10 million.
Scams, hacks, and frauds hindered the growth of Crypto
In April 2025, scams, hacks, and frauds probably had a mixed effect on the expansion of crypto, posing serious obstacles but not totally upending the sector’s course.
Crypto breaches caused $92 million in damages from 15 DeFi incidents in April 2025, a 124% rise from March, leading to a total of $1.74 billion stolen so far this year, which is four times more than the $420 million in 2024.
The cryptocurrency market has shown resilience in spite of losses. Exchanges frequently offer to reimburse consumers following significant attacks, such as the $1.4B Bybit vulnerability or the $305M DMM Bitcoin hack, minimizing long-term harm to confidence.
Although they may delay it, frauds haven’t stopped the industry’s growth, as seen by its expected revenue rise to $343.5 million in 2024.
