In a recent incident, there was a 67% drop in the value, marking a sharp decline from $187.6 million. This decline was a result of around 40 attacks carried out by hackers.
On April 19, hackers exploited a vulnerability in the contract to receive Hedgey tokens on the Arbitrum network, resulting in the theft of around $47 million. In April, a total of $53 million was lost to hacking and fraud across 21 incidents, which represents a 46% decrease from the same period in April 2023.
During that time, cybercriminals had stolen more than $98 million in digital assets.