Special Report: Four-Day Crypto Hacking, Phishing Spree Nets Bad Actors $106.5 Million

Rari Capital and Fei Protocol lose $77 million, Hacker nets $10 million from Saddle Finance, Deus Finance exploited for $13.4 million, Bored Apes phishing scheme scams $6.1 million

April was one of the cruelest months for cryptocurrency projects, with many hacks and cyber incidents, causing a total loss of around $359 million. Approximately 30% of this total came in a five-day spree beginning April 28th. Our special report highlights these four incidents.

Fei Protocol said they suffered a $77 million hack five months after their merger.

Fei offered the hacker a $10 million bounty if they returned the remaining user funds, “no questions asked.” Meanwhile, the hacker has already started moving crypto to Tornado Cash, allowing users to mask transactions. The hacker drained funds from several Fuse pools by exploiting a reentrancy vulnerability. (Emily Nicolle and Sidhartha Shukla / Bloomberg)

Related: U.Today, Web3 is going just great, The Block, Bitcoinist.com, Security Affairs