💰Phishing Scam Behind $364M in Crypto Losses in April: CertiK

gm Defiers!

The cryptocurrency market held steady on Friday following modest gains the previous day. Bitcoin (BTC) hovered around $97,000, while Ethereum (ETH) remained near $1,850, showing little movement from Thursday's levels.

In other news, Axiom has surged to become the third-largest revenue generator in the space, thanks to a frenzy of meme-driven trading.

Plus, Virtuals Protocol’s VIRTUAL token is up nearly 130% this week.

✍️ In today’s newsletter:

CertiK reported a single phishing attack is behind the bulk of April crypto losses
Ethereum L2 Aztec rolled out its public testnet
Analysts predict Dogecoin ETF has higher chances than Avalanche, Cardano, and Polkadot
Sonic’s token surged ahead of summit
AI agent token VIRTUAL jumped 32%
Axiom became the third most profitable platform in DeFi

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💰A Single Phishing Attack Drives $364M in April Crypto Losses: CertiK

April experienced over $364 million lost to crypto hacks and scams, with a single phishing attack accounting for nearly $330 million, according to CertiK. The staggering figure marks a 1,097% jump from March’s losses.

🕵🏻Ethereum L2 Aztec Launches Public Testnet to Make Privacy ‘the Norm, not the Exception’

Aztec Network launched the public testnet for its Ethereum-based Layer 2 on May 1, introducing what it calls the first fully programmable privacy solution for blockchain. The release marks a major milestone after eight years of development and a $100M Series B led by a16z.

🏦Dogecoin ETF More Likely Than Avalanche, Cardano and Polkadot, Says Analyst

Dogecoin has a higher chance of getting a spot ETF than Avalanche, Cardano, or Polkadot, according to Bloomberg Intelligence, which gave the memecoin an 80% approval odds.

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