- This is what the CertiK report
- Exploits played a special role here
- Let’s explore in detail
Analysts at CertiK presented the traditional report on cryptocurrencies.
In April the fraudsters made $103.7M on their backroom deals. They were especially good at exploits. Since January, crypto-users have lost a total of $429.7 million in assets.
The biggest exploits
As we said, crypto-losses are led by exploits. MEV-bot hacks came in first place: they brought hackers $25.4 million.
Followed by a $22 million hot wallet exploit on the Bitrue exchange. South Korean exchange GDAC, which lost $13 million in hacks, rounds out the “leaderless” table.
According to CertiK calculations, the exploits caused a total loss of $74.5 million.. That’s about half of all break-ins in four months.
Some quick-loan schemes also pose a greater risk. Hackers made $20 million on them. The biggest incident of the month is related to the Yearn Finance project.
And among the top 5 ragpolls, the project in which CertiK analysts themselves “got caught up” leads the way.
We are referring to DEX Merlin, which was robbed just days after the CertiK audit.
But the protocol suffered not because of the attack, but because of the team’s criminal programmers, who worked remotely from Europe.
They robbed the pools of the protocol, as well as running a fake publicity sale. In response, CertiK and Merlin put together a compensation plan for the affected customers.