Crypto Market Suffers $357 Million Loss from 18 Hacks in April

April 2025 saw a significant downturn in the cryptocurrency market as hackers exploited vulnerabilities across various platforms, causing an estimated $357.11 million in losses. This alarming figure, highlighted by blockchain security firm PeckShieldAlert, resulted from a series of 18 prominent hacks throughout the month. Notably, unauthorized Bitcoin transactions accounted for a staggering 92% of the total crypto market loss, leading to approximately $330.7 million in damages. The incident reveals potential security gaps and compromised wallet credentials.