DeFi protocol and MEV bot exploits accounted for $74.5 million of crypto lost in April while memecoin scammers also pilfered a notable chunk.
The total lost to crypto and DeFi exploits in the month amounted to $74.5 million, making up around half of the total $145 million exploited in the first four months of the year, according to CertiK.
The blockchain security firm noted that total funds lost to exit scams reached $9.4 million in the month, with the top exit scam for the month being Merlin DEX, which lost $2.7 million. On April 26, CertiK reported that it was investigating a “potential private key management issue” at the exchange.
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