Unprecedented Low Crypto Losses in April: Spotlight on CertiK (CTK) Performance

• The leading blockchain security firm, CertiK, has released a report revealing a significant decrease in losses from crypto-related scams and hacks as April concludes.
• According to CertiK, the month of April saw approximately $25.7 million lost to exploits, hacks, and scams, marking a decline of 141% from the previous month’s losses.
• This reduction in losses is a promising sign for the cryptocurrency industry, which has seen significant losses in previous years.

CertiK’s latest report reveals a significant downturn in losses from crypto-related hacks and scams in April, marking a promising trend towards increased security in the cryptocurrency industry.

Breakdown of Losses

Specifically, CertiK’s breakdown of the losses indicates that roughly $4.3 million was lost to exit scams, $129,000 to flash loans, and $21 million to exploits, based on confirmed incidents. This detailed analysis provides a clearer picture of the areas within the crypto industry that are most vulnerable to attacks.

Previous Reports and Recovery Efforts

According to a report by Hacken released in April, the crypto industry faced a surge in hacking incidents during the first q... Read the full article for FREE at COINOTAG!