title: Hacker Activity Surges by Almost 11 Times in April, Reclaiming the Top Spot from Rug Pulls

Following a significant decline in March, the amount of crypto assets lost to hackers again rose by almost 11 times in April.

According to data from blockchain security firm PeckShield, hackers stole roughly $357.11 million from crypto holders in April, almost 11 times the amount in March. A total of 18 major hacks were recorded last month.

According to data from blockchain security firm PeckShield, hackers stole roughly $357.11 million from crypto holders in April, almost 11 times the amount in March. A total of 18 major hacks were recorded last month.

PeckShield says the amounts of crypto lost to hacks in January, February, and March were $87.25 million, $1.51 billion, and $33.46 million, respectively.

An unauthorized Bitcoin transaction is leading the list with $330.7 million lost to fraudulent actors. The $7.5 million lost in the KiloEx decentralized exchange hack and $5.4 million in the ZKsync exploit have reportedly been recovered.

PeckShield notes that Binance helped KiloEx to recover $6.1 million of the stolen funds.

“[The] hacker sold a portion of stolen crypto to OTC desks and moved another portion to mixers. After tracking and cooperating with Binance to help KiloEx recover ≈$6.1M, the remaining funds are still being traced, ”PeckShield said.

After KiloEx was exploited, Loopscale, a decentralized finance lending protocol, also suffered a breach on April 26, with nearly $5.8 million lost. Two days later, the firm announced that 90% of the funds had been returned in exchange for a 10% bounty to the hacker.

“Following successful negotiations, all funds taken from the Loopscale protocol (5,726,725 USDC + 1,211 SOL) on April 26th have now been returned.

“Following successful negotiations, all funds taken from the Loopscale protocol (5,726,725 USDC + 1,211 SOL) on April 26th have now been returned.

“The protocol is stable and operating as expected. User funds were never at risk. We will provide further updates shortly. In the meantime, please do not hesitate to contact us if you have any questions or concerns.”

Another decentralized lending protocol, MophoLabs, secured the fifth spot on the list with a $2.6 million exploit last month.

In February, the crypto ecosystem witnessed its largest hack. Bybit, a leading cryptocurrency exchange, lost $1.4 billion worth of Ethereum to the North Korean hackers, known as the Lazarus Group.

So far, there haven’t been any updates regarding a potential fund recovery. According to reports, the attackers have already swapped $1.2 billion from ETH to BTC.