Crypto losses in April 2025 reached $364 million, a 1,163% increase from March’s $28.8 million, according to CertiK. Of this amount, $337 million was tied to phishing, with the majority resulting from a single incident in which 3,520 Bitcoin (BTC), valued at about $330 million, was stolen from an elderly U.S. holder who had held the cryptocurrency since 2017. The stolen BTC was laundered through at least six instant exchanges and converted to Monero, causing a 50% surge in XMR's price. Investigators, including ZachXBT and Binance’s security team, managed to freeze around $7 million of the stolen funds. Multiple suspects have been identified, including individuals operating a call scam center in the UK. Other notable incidents in April included an $8.44 million exploit on decentralized exchange KiloEx, a $5.8 million attack on Solana-based DeFi protocol Loopscale—where 5.7 million USDC and 1,200 SOL were stolen but later returned after a bounty offer—and a $5 million theft from ZKsync’s airdrop contract, with funds subsequently recovered. CertiK and other security firms noted that white-hat hackers helped recover over $18 million in April. Despite these recoveries, April’s losses have pushed total crypto losses in 2025 to over $1.7 billion, already surpassing the total losses recorded in 2024. The Ethereum ecosystem continues to be a primary target, and phishing attacks are on the rise.