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Crypto exploiters stole $93.4 million from 41 exploits on crypto projects \u2014 averaging more than one exploit daily, according to Peckshield data.<\/p>\n
According to the blockchain security firm, this represents<\/a> a significant decline compared to the amount stolen in March. At the time, hackers stole over $200 million from decentralized finance projects. However, it is still significantly higher than the $35.3 million stolen in February.<\/p>\n Meanwhile, defilelama date<\/a> showed that DeFi projects lost $276.4 million during the first quarter of the year.<\/p>\n In terms of monetary value, the biggest exploit was the sandwich attack on maximal extractable value (MEV) bots that resulted in a loss of $25 million. CryptoSlate<\/em> Reported<\/a> that USDT issuer Tether blacklisted the validator address that drained the bots \u2014 drawing criticism from the crypto community.<\/p>\n Meanwhile, MEV bots have long been controversial in the industry, considering their penchant for extracting value from crypto traders. According to the MEV blocker, these bots have extracted over $1.38 billion from blockchain network users.<\/p>\n For context, one anonymous MEV bot operator, Jaredfromthesubsway, made more than $1.4 million<\/a> by sandwiching transactions of crypto investors trading meme coins.<\/p>\n Meanwhile, Singapore-based exchange Bitrue Lost<\/a> almost $23 million in a hack after one of its hot wallets was compromised. Another centralized exchange Gdac was exploited<\/a> For $ 13 Million.<\/p>\n Additionally, multiple decentralized finance protocols were victims of various hacks within the month. The affected projects included Yearn Finance, Hundred Finance, SushiSwap, 0vix protocol<\/a>And Terraport.<\/p>\n The most notable in recent days was the zkSync-based decentralized exchange Merlin DEX which Lost<\/a> roughly $2 million to rogue developers. Blockchain security firm CertiK audited the project before its launch and has promised to refund<\/a> Impacted users.<\/p>\n Meanwhile, hackers are still relying on mixers to move their ill-gotten funds. As of April 30, malicious players transferred over 1,000 ETH and 2,515 BNB into Tornado Cash, while 203 ETH were sent to Fixed Float.<\/p>\n The post Hackers stole $93M from crypto projects in April<\/a> appeared first on CryptoSlate<\/a>,<\/p>\nThe exploits<\/h2>\n