There was a noticeable decrease in losses from hacks and scams in the area of crypto in April, as reported by the security company, CertiK.
CertiK had total losses of less than $26 million in April, which is 141% less than in March. API security is constantly raising the bar in protecting digital assets to eradicating hacking through private keys.
Flash-loan-related attacks induced losses of more than $129,000 with the largest one causing damages of $55,000 marking the lowest since February 2022.
Although the statistics in April presented a positive outlook, unfortunately, the first quarter recorded $336 million as a fraud and theft incident, based on Immunefi’s findings. This is a major decrease in Crypto scams from the previous, but it still highlights apparent security issues in DeFi.
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