The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April.
The collective value of cryptocurrency compromised by hacking plummeted by 67% in April to $60.2 million. This marks a notable reduction in crypto attacks, representing the first significant decline this year.
The fall of 67% marks a sharp decline from the $187.6 million hacked in March, which pales in comparison to the $360.8 million worth of hacked digital assets in April, according to a May 1 X post by on-chain security firm Peckshield.
The monthly total of $60.2 million was stolen from 40 individual hacking incidents. Hacks and exploits have been among the main issues plaguing trust in cryptocurrencies along with mainstream adoption.
