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Crypto News

The coding fraud operations stole $ 5.2 million in April

Frauds in the encryption sector have become more advanced, as attackers steal more than $ 5.2 million of reassured users in April 2025.

According to SNIFFer Blockchain data, the losses of 17 % from $ 6.37 million in March. However, the number of victims increased by 26 %, with 7,565 individuals prey, fraudulent plans last month.

Crystate victims rise amid advanced attack methods

Scam Snifer said that the most harmful accident in April involves the hunting signing scheme, which led to a loss of $ 1.4 million.

In this case, the victim agreed in an unconfirmed manner on many fraudulent requests, allowing the attacker to deplete his wallet. These defrauds usually deceive users to sign digital approvals that allow the processes of distinctive symbol transfer without their knowledge.

Fraud operations in April. source: Fraud process

Another noticeable case included the address of the address of the address known as the headquarters. A reassuring user lost $ 700,000 after sending the money to a fake wallet address closely like the address with which he previously interacted.

Meanwhile, the threat representatives develop beyond traditional hunting sites, and is now social engineering its victims via correspondence platforms.

Yu Xian, founder of Blockchain Slowmist, warned that the attackers are now targeting users through Telegram. They use vocal messages created from artificial intelligence and personal chats to deceive the victims.

In one of the reported cases, Xian indicated that a telegram account was at risk to send audio clips imitating reliable contacts to the victim. Voice messages, which are likely to be produced using artificial intelligence tools, are designed from previous audio records to simulating tone and speech patterns.

“Don’t trust just one source. When it includes money, always create another reliable source of verification,” Xi I mentioned.

These developments reflect a previous case in which an old American citizen has lost 3520 BTC, with a value of more than $ 330 million, for a fraud of advanced social engineering.

Blockchain investigators, including the Zachxbt and Binance security team, managed to freeze about $ 7 million in theft.

Certik, another Blockchain security provider, stated that Bitcoin theft contributed greatly to the total losses in the industry in April.

According to the company, the emerging industry lost $ 364 million for breakthroughs, fraud and exploits during the reports period. About $ 18.2 million of these stolen money has been recovered.

These developments emphasize the increasing development of encryption fraud. It also highlights the urgent need to improve the user education, the security of a portfolio and anti -fishing tools in the industry.

Disintegration

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