🔒💰 Big ups to #CryptoSecurity! April saw a whopping 141% decrease in losses from crypto-related scams & hacks, with only $25.7M lost, according to blockchain security firm CertiK. Breakdown: $4.3M to exit scams, $129K to flash loans, $21M to exploits.
📉 This is a huge drop from the $824M lost across 67 breaches in Q1 2024, as reported by Hacken. The trend? Bad actors targeting high-profile targets.
👏 But here's the kicker: more than half of the stolen funds, nearly $444M, were recovered or frozen. This shows a massive improvement in the industry's response to such incidents.
👀 What do you think about this positive shift? Let's chat in the comments! #DeFi #Web3 #CryptoNews