April 2024 Blockchain Security Monthly Report

In April, the total loss from blockchain security incidents was approximately $101 million, a decrease of 36% compared to March. Among these, the loss from attack incidents was $52.56 million, phishing scams accounted for $11.4 million, and Rug Pull losses were $37.05 million. The largest security incident was the attack on Hedgey Finance, resulting in a loss of $44.7 million.

Hacker Attack

A total of 11 typical security incidents occurred, with losses of approximately 55.25 million USD:

1. OpenLeverage lost $230,000 due to a contract vulnerability.
2. A loss of $180,000 in ATM tokens on the BNB Chain
3. FixedFloat was attacked again, resulting in a loss of 2.8 million dollars.
4. SumerMoney lost $350,000
5. Zest Protocol suffered a loss of $1 million due to price manipulation.
6. Grand Base lost 2 million USD due to private key leakage.
7. Hedgey Finance lost 44.7 million USD
8. YIEDL lost 300,000 USD
9. Xbridge lost at least $200,000
10. NGFS token loss of $190,000
11. Pike Finance lost $300,000

Rug Pull/Phishing Scam

A total of 6 typical incidents occurred, resulting in losses of approximately 37.25 million USD:

1. Solareum Rug pull profits $520,000
2. CondomSOL Rug pull profit of $920,000
3. A phishing scam on the Base Blockchain resulted in a loss of $840,000.
4. Another phishing scam on the Base Blockchain resulted in a loss of 1.2 million dollars.
5. Phishing scam losses of $770,000
6. ZKasino platform Rug pull transferred $33 million of user funds

Crypto Cases

A total of 15 typical cases occurred:

1. Hong Kong dismantles a money laundering group worth 1.8 billion HKD.
2. Shandong captures a virtual currency money laundering gang
3. The first "Red Notice" individual in Jiangsu was sentenced for online pyramid scheme.
4. Four EU countries join forces to combat COVID-19 fund fraud
5. Mango Markets attacker found guilty of fraud.
6. The Taiwanese prosecutors recommend sentencing the main culprit of the ACE Exchange case to over 20 years.
7. "Jay Mazini" was sentenced to 7 years in prison.
8. Shanxi cracks down on a major case of infringement of citizens' information
9. American man suspected of cryptocurrency mining fraud
10. Russia seized more than 3,200 illegal mining devices.
11. Shanghai man deceives "friend" out of more than 1 million yuan
12. Hacker SHAKEEB AHMED sentenced to 3 years in prison
13. A cash robbery of 500 million won occurred in South Korea.
14. The trial of the UK golf course kidnapping case is ongoing.
15. Samourai Wallet founder arrested

Blockchain Policy

1. Jiangsu Issues Management Measures for Data Intellectual Property Registration
2. Shanghai promotes "Blockchain + high-quality agricultural products" traceability application
3. The National Data Bureau released a draft for soliciting opinions on the development of smart cities.
4. Zhejiang promotes the application of Blockchain in the long-term care insurance system.

Blockchain Industry Development

1. The Sichuan Provincial Copyright Trading Platform Alliance was established.
2. Shanghai's first UE virtual production studio put into use
3. Wuhan launched the "Jingchu Agricultural Blockchain" agricultural product traceability system
4. Shanghai launches Metaverse medical digital human GPT
5. The Ministry of Education's Metaverse "Vocational Education Workshop" Project Launch
6. Victory Securities launched a stock coin trading APP
7. Testing Blockchain Cross-Border Payments by the Bank for International Settlements, etc.

Digital Assets and Industry Regulation

1. The United States releases a draft for digital asset tax forms.
2. Angola bans cryptocurrency mining
3. Indonesia Warns Against Cryptocurrency Money Laundering
4. Norway Strengthens Regulation of Bitcoin Miners
5. Russia supports the international cryptocurrency payment bill.
6. The Financial Stability Research Institute calls for unified regulation of stablecoins.
7. New Zealand proposes an inclusive cryptocurrency regulatory framework
8. Japan and the United States conduct digital currency international settlement experiments.
9. The UK launches consultation on digital securities sandbox
10. Brazil plans to tax cryptocurrencies as capital tools.
11. South Korea strengthens regulation on exchange listings
12. The U.S. accelerates legislation on stablecoin regulation.
13. Hong Kong proposes the establishment of a self-regulatory organization for virtual assets
14. Thailand will block unauthorized crypto platforms
15. Sweden requires crypto miners to pay back taxes
16. The UK will release new cryptocurrency legislation.
17. The International Securities Regulatory Commission focuses on asset tokenization
18. Dubai considers reducing compliance costs for small crypto companies.
19. Singapore releases new regulations for digital payment tokens
20. Lithuania will implement strict cryptocurrency licensing evaluations.

Other Important Events

1. The Chinese Embassy in Angola reminds of the risks of virtual currency mining.
2. The main suspect of the Blue Sky Ge Rui case was arrested in the UK.
3. The UK calls for the cultivation of crypto skills
4. South Korea strengthens investigation into cryptocurrency crimes
5. Hong Kong freezes $29 million related to JPEX assets
6. The loss from the cryptocurrency fraud case in Hong Kong in 2023 is 3.16 billion.
7. Binance enters the Hurun Unicorn List Top 10
8. 61,000 Bitcoins from the Blue Sky Ge Rui case were seized by the UK.
9. 2500 investors request the government to recover assets
10. Bitget clarifies that "Bitget Pro" is a scam software.
11. OneCoin executive sentenced to 4 years in prison