According to the blockchain and smart contract security firm Certified Kernel Tech (better known as CertiK), crypto-related exploits, hacks, and scams in April resulted in losses worth $103 million.

The figures for last month are a lot less than the $211 million worth of digital assets which wrongdoers siphoned throughout March 2023.

CertiK estimated that the total amount hackers managed to drain last month from crypto projects was approximately $103.6 million worth of digital assets. Exit scams resulted in 9.3 million, while flash loan attacks accounted for almost $20 million. 

Some of the major incidents in April include the $25 million stolen from a large Ethereum Maximal Extractable Value (MEV) bot that became a victim of a so-called “sandwich attack.” The event occurs when a perpetrator exploits liquidity cracks to execute profitable trades at the expense of vulnerable users. 

(by Dimitar Dzhondzhorov)