More than 30 crypto thefts in a month

 In April alone, at least 31 major crypto thefts were recorded, with more than $370 million stolen.

In the last week of the month alone, two large projects were attacked, namely decentralized financial platforms Saddle Finance and FEI Protocol, with the stolen amount of USD 10 million and USD 80 million, respectively.

During the FEI Protocol incident, the company offered to pay the hacker $10 million "bounties" in exchange for the stolen funds, but has not yet responded. Hackers are transferring this money to the Tornado Cash mixer for dispersal. And Saddle Finance was lucky to have security company BlockSec help protect the amount of 4 million USD by trying to exploit the same vulnerability that hackers used.

In the crypto sphere, recovering stolen funds is almost impossible without the coordination of exchanges and the attackers themselves. According to Vice, many of these projects are trying to negotiate with hackers to get their money back and users' money. This method has worked in a number of cases before, such as the theft of $ 600 million in cryptocurrencies from Poly Network or the case of $ 3 million from the blockchain service Multichain. The hacker has returned some or all of the stolen cryptocurrency.
Previous Post Next Post