April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

April 30. 2023

By Martin Young

The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.

Crypto exploits, exit scams and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month. 

On April 30, crypto security and auditing firm CertiK posted an April roundup of crypto exploits, scams and hacks, revealing total funds lost in April was $103.7 million, bringing the total year-to-date loss to $429.7 million.

The month was particularly marred with major crypto exploits, such as $25.4 million lost due to an exploit of several MEV trading bots on April 3, $22 million stolen in a hot wallet exploit at the Bitrue exchange and the hack of South Korean GDAC exchange leading to a loss of $13 million.

Crypto exploits in April. Source: CertiK

The total lost to crypto and DeFi exploits in the month amounted to $74.5 million, making up around half of the total $145 million exploited in the first four months of the year, according to CertiK.

The month also saw around $20 million lost to flash loan attacks, led mainly by Yearn Finance after a hacker exploited an old smart contract on April 13.

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