Cryptocurrency Under Attack: $357 Million Lost in April Hacking Attacks

The cryptocurrency sector recently experienced a concerning surge in cyberattacks, resulting in significant financial losses. According to PeckShieldAlert, hackers caused an alarming $357.11 million in damage across 18 major breaches during April alone, marking a dramatic increase from the $33.46 million recorded in March. These attacks primarily targeted unauthorized Bitcoin transactions and vulnerabilities within decentralized exchanges.