April proved a challenging month for the cryptocurrency market as investors suffered significant losses due to scams, hacks, and phishing attacks. A recent report by blockchain security firm CertiK reveals that over $364 million was lost to these malicious activities, marking one of the most damaging months this year so far. 💰 A staggering $337 million of this loss stemmed from phishing attempts, where individuals were tricked into handing over their private information or access to their wallets. 🤯 A notable case involved a senior U.S. citizen who lost a whopping 3,520 Bitcoin, valued at over $330 million, through a successful phishing attack on April 30th. This marked one of the top five largest crypto hacks in history. 🤔 Even without this massive Bitcoin theft, losses in April reached $34 million, representing a 21% increase compared to March’s relatively modest losses of just $29 million. 📈 This underscores a stark reality: while the crypto industry continues to grow, its vulnerability to these types of attacks remains significant. 🚨 Looking forward, this report serves as a crucial reminder for users and developers alike. If the market aims to achieve sustainable growth, prioritizing security measures will be paramount. 💪