Crypto Market Incurs $357M Loss in 18 Hacks Throughout April

By: blockchainreporter|2025/05/07 20:15:02
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April 2025 has turned out to be another month of significant turbulence in the crypto market. As per the data from PeckShieldAlert, a prominent blockchain security entity, eighteen notable crypto exploits took place during April, resulting in significant losses of up to $357.11M in total. The blockchain security firm took to social media to disclose this enormous crypto loss.#PeckShieldAlert In April 2025, 18 major crypto hacks were recorded, resulting in $357.11M in total losses. Notably, @zksync, @KiloEx_perp, and @term_labs recovered a combined $14.4M of stolen funds.Top 5 Hacks in April 2025 –#BTC unauthorized transfer: $330.7M –@KiloEx_perp... pic.twitter.com/y0ve1cRshS— PeckShieldAlert (@PeckShieldAlert) May 7, 2025March Sees $357.11M in Crypto Losses, Unauthorized Bitcoin Transaction Account for 92%The details provided by PeckShieldAlert highlight a cumulative $357.11M loss in the wider crypto market during April 2025. However, unauthorized Bitcoin ($BTC) transactions has accounted for up to 92% of the total crypto losses of April. The hacking incidents led to a massive $330.7M in damages. The investigation into this event signifies a potential security lapse and likely compromise of wallet credentials.Irrespective of these large-scale losses, several recovery efforts have also remained effective. Particularly, a cumulative $14.4M in stolen crypto funds was effectively regained during April. The respective recoveries were driven by Term Labs, KiloEx, and ZKsync. Each of these entities has played an active role in detecting and recovering the crypto assets via law enforcement operations and on-chain negotiations.KiloEx and ZKSync’s Effectively Recovered Stolen FundsAccording to PeckShieldAlert, the notable crypto exploits of April include a Bitcoin unauthorized transaction, KiloEx exploit, Loopscale breach, MorphoLabs attack, and ZKsync. Particularly, unauthorized $BTC transfer led to $330.7M in losses. Apart from that, KiloEx went through a loss of nearly $7.5M, which was completely recovered. Additionally, the Loopscale breach saw $5.8M in total losses. Moreover, the ZKsync exploit experienced a loss of $5.4M, which was recovered afterwards. Furthermore, the MorphoLabs attack went through a $2.6M in overall loss.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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