U.S. crypto market suffers $364M losses in April

The blockchain security firm CertiK reported a total of $364 million in losses from hacks and scams in the U.S. crypto market during April 2025.

According to a post on X by the firm, the losses represent a 1,163% surge from the $28.8 million recorded in March.

The sharp increase was mainly driven by a single major attack that targeted an elderly American, who lost 3,520 Bitcoin worth approximately $330.7 million.

The attacker reportedly used advanced social engineering tactics to gain access to the victim’s wallet, making it the fifth-largest crypto theft ever, according to CryptoNews.

Aside from this incident, April’s remaining losses totaled $34 million, still marking a 21% increase over the previous month. CertiK attributed these attacks to phishing, access control exploits, social engineering, and price manipulation as the primary attack vectors.

On a positive note, $18.2 million in stolen funds were recovered during April. This included full repayments to KiloEx, which suffered a $7.5 million exploit but had its funds returned within four days.