In April 2025, the cryptocurrency sector experienced substantial losses due to hacks and scams totaling approximately $364 million, with phishing attacks accounting for $337 million of the total, according to a report by CertiK. A notable case involved an elderly American victim who lost 3,520 Bitcoin, valued at around $330.7 million, through a social engineering scam. The stolen Bitcoin was subsequently laundered into Monero, causing a 50% increase in the cryptocurrency's value. In a separate but related security incident, Kraken, a major cryptocurrency exchange, uncovered and thwarted an infiltration attempt by a North Korean hacker posing as a job applicant. The hacker aimed to steal Bitcoin by gaining insider access. Kraken discreetly advanced the interview process to gather intelligence and identified multiple red flags, ultimately exposing the state-backed operation. This incident highlights ongoing cybersecurity threats from state actors targeting Western tech companies. Additionally, Grayscale recently moved 9,645 Bitcoin worth $911 million, raising questions within the crypto community.